The Business Times
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Corporate digest

Published Thu, Dec 20, 2018 · 09:50 PM

Keppel Corp

A UNIT of Keppel Corporation's property arm is taking full control of shopping mall I12 Katong, paying about S$56.6 million to buy the remaining shares that it does not own in the property.

Keppel said on Thursday that DC Reit Holdings - in turn a wholly owned unit of Keppel Land - will acquire 77.6 per cent of the issued share capital of PRE 1, which owns I12 Katong, from the subsidiary of Alpha Asia Macro Trends Fund.

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