Keppel unit buys 40% stake in project on prime Nanjing site

Singapore

KEPPEL Corp's China real estate unit is buying a 40 per cent stake in the development of a prime residential site in Nanjing, China for about 1.41 billion yuan (S$283 million).

Keppel Land China is buying the stake from a subsidiary of Shanghai-listed Gemdale (Group) Co,...