Keppel Land consolidates ownership of Saigon Sports City
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Singapore
KEPPEL Corp on Sunday said that it has through Keppel Land's wholly-owned subsidiary, Oil (Asia) Pte Ltd, acquired the remaining 10 per cent stake in Jencity Limited, which holds Saigon Sports City, for about US$11.4 million.
It bought the stake from Jenclub Limited. Following the acquisition, Keppel Land will hold a 100 per cent interest in Saigon Sports City, thus consolidating its full ownership of the township.
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