Keppel Corp unit in joint venture to develop customer reward programme
KEPPEL Corporation, through its unit Kepventure, has entered a joint venture with Liquid Group, a Singapore-based QR payment services provider, to develop and implement a customer reward programme for Keppel Group entities.
To that end, Kepventure, Liquid Group and Keppel Rewards have entered into a subscription and shareholders' agreement to manage the joint venture company, Keppel Corp said on Tuesday.
Kepventure and Liquid Group each subscribed for about 1.8 million shares and 200,000 shares in the joint-venture company at S$1 per share.
Keppel Corp said the transaction is not expected to have any material impact on its net tangible assets per share or earnings per share for the current financial year.
No details were given about what the customer reward programme would entail.
Shares in Keppel Corp closed down 0.48 per cent at S$4.14 on Tuesday before the announcement.
GET BT IN YOUR INBOX DAILY
Start and end each day with the latest news stories and analyses delivered straight to your inbox.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Shareholders raise questions over dividend payout, directors’ salaries at Best World AGM ahead of proposed privatisation
China’s Bank of Communications Q1 profit rises 1.44%
Huawei’s smart car tech offers automakers route to China sales
Electrolux Q1 loss nearly triples on weak demand but beats expectations
DigitalBridge-backed Vantage said to weigh Hong Kong data centres sale
Vietnam delays launch of new stock trading system