Keppel Corp crosses 90% mark to delist Keppel Land
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Keppel Corp has crossed the 90 per cent threshold in acceptances required to delist its real estate subsidiary Keppel Land.
A Singapore Exchange (SGX) filing showed that as at 5pm on Wednesday, Keppel Corp owned, controlled, has acquired or agreed to acquire 90.9 per cent of the total number of issued Keppel Land shares.
Accordingly, SGX will suspend trading of Keppel Land shares after the offer closes at 5.30pm on Thursday.
Keppel Land will continue to trade on Thursday. Keppel Corp still needs to own at least 95.5 per cent of Keppel Land to complete the buyout by compulsorily buying the remaining shares it does not own.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Singaporeans can now buy record amount of yen per Singdollar
Beijing’s calculated silence on the Iran war
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
StarHub hands Ensign InfoSecurity control back to Temasek in S$115 million deal, books S$200 million gain
