Keppel Corp, Keppel Land to resume trading on Monday: KepCorp CEO
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Angela Tan
Latest update:
KEPPEL Corporation (KepCorp) and Keppel Land will lift the trading halts on their shares on Monday, KepCorp chief executive officer Loh Chin Hua said on Friday.
Apologising for the halts, Mr Loh said they were necessary: "The idea is we want to make sure all the relevant information is out."
KepCorp earlier launched a voluntary unconditional cash offer for all the remaining shares of its 54.6 per cent subsidiary, Keppel Land Limited (KepLand).
It is adopting a two-tier offer price approach of a base offer price of S$4.38 a share and a higher offer of S$4.60 a share, valuing KepLand at S$6.8 billion and S$7.1 billion, respectively.
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