Keppel T&T exits Thai associate for 827.6m baht; Keppel's associate Floatel forbearance pact extended

Singapore

THE logistics and data centre arm of Keppel Corp is divesting its 24.01 per cent equity interest in Thailand-listed Business Online Public Company Limited (BOL) for about 827.6 million baht (S$36 million) in cash.

Keppel Telecommunications & Transportation will sell a 20 per cent stake to CTOS Holdings Sdn Bhd and the other 4.01 per cent stake to Min Intanate. The latter is a director of BOL, according to the Thai company's website.