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Keppel sells Shanghai mall stake for S$73m profit
Sale is in line with its property arm's strategy to continually recycle assets for higher returns
Published Thu, Sep 15, 2016 · 09:50 PM
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Singapore
PROPERTY and rigbuilding group Keppel Corporation has sold its stake in a Shanghai mixed-use development that will reap its subsidiary Keppel Land a S$73 million profit.
The mall, Life Hub @ Jinqiao, is located in Shanghai's Pudong district. Completed in end-2009, it has 114,730 square metres of gross floor are…
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