In brief

Keppel Corp now owns 86.2% of Keppel Land

KEPPEL Corp's stake in Keppel Land has grown to 86.2 per cent as at 5pm on Tuesday, up from 85.9 per cent on Monday evening, the company said in a Singapore Exchange filing. Keppel Corp needs to own more than 90 per cent of Keppel Land to delist the company, according to listing rules. But it needs at least 95.5 per cent to complete the buyout by compulsorily buying the remaining shares it does not own.

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