BlackRock sells 85,000 KepLand shares
BLACKROCK Inc, an associate of Keppel Corp, sold 85,000 Keppel Land (KepLand) shares on Wednesday, at S$4.57 apiece.
After this transaction, BlackRock holds 37.3 million shares, representing about 2.4 per cent of the total issued shares.
The dealings were announced in a filing to the Singapore Exchange on Thursday.
Keppel Corp has secured 90.9 per cent of the total issued shares of Keppel Land as at 5pm on Wednesday. This means it has crossed the 90 per cent threshold in acceptances required to delist its real estate subsidiary KepLand.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
TikTok suspends new app’s reward programme amid EU concerns
Hong Kong spot crypto ETFs to start trading next week
Cordlife substantial shareholder Nanjing Xinjiekou still mulling over offer to buy over remaining shares
Nvidia agrees to acquire Israeli AI software provider Run:ai
HSBC says growing Chinese wealth fuels client investments in US
Unilever's India quarterly profit disappoints