Keppel's planned 2.9b yuan disposal of China marina stake still up in the air
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
KEPPEL Corporation's planned 2.9 billion yuan (S$595.13 million) disposal of its stake in a China marina project remains in limbo as the project's minority shareholder continues to try to block the deal.
The group told the Singapore Exchange in a filing on Tuesday that the Singapore High Court has approved an application by Sunsea Yacht Club (Hong Kong) Company to stop Keppel from completing the sale, pending Sunsea's application with the Court of Appeal.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
South-east Asian markets account for 8.8% of global capital inflows from 2021 to 2024: report
