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Keppel identifies S$17.5b of assets that can be monetised over time

Value of S$3-5b of assets to be unlocked over 3 years; O&M yards not included but sector to get strategic review

Singapore

KEPPEL Corporation has identified assets valued at S$17.5 billion that can be "monetised over time and channelled towards growth initiatives". It will seek to unlock value for S$3-5 billion worth of these assets over the next three years.

Speaking at a media and analyst briefing to reaffirm the company's Vision 2030 roadmap, Keppel CEO Loh Chin Hua said these assets include landbank, non-core assets such as oil rigs, and funds. Their values are based on the group's balance sheet as at end-June.

Shares of Keppel closed at S$4.30 each on Tuesday, giving the group a market capitalisation of S$7.5 billion.

The assets identified for monetisation do not include Keppel's business platforms or...

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