Keppel's planned 2.9b yuan disposal of China marina stake still up in the air

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.

The order will be in place until Sunsea's application has been …