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Impairment for Keppel unit Floatel clouds fate of Temasek's offer

Pre-condition for offer states, among others, that "provisions for proceedings" involving any member of the group should not exceed S$500m

Anita Gabriel

Anita Gabriel

Published Tue, Jun 16, 2020 · 09:50 PM
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IT will be months before Keppel Corp shareholders can celebrate Temasek Holdings' proposed partial bid for control over the infrastructure and property conglomerate. Meanwhile, two recent developments ought to wake the market up from its reverie that this is a come-rain-or-shine offer.

On June 1, Keppel disclosed that it has pushed its associate company, Floatel International, to review assumptions used to …

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