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Keppel sells stake in Zhongshan waterfront project for 2.9b yuan

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Keppel Land China will record a divestment gain of about S$290 million from the sale of an 80 per cent effective interest in Sunsea Yacht Club (Zhongshan) Co.

Singapore

KEPPEL Corp's subsidiary Keppel Land China has sold its stake in a China waterfront residential and recreational development for 2.9 billion yuan (S$597.4 million) as part of a portfolio refocusing effort.

Under the deal, Keppel China Marina Holdings (KCMH) will sell its...

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