Better if Keppel has shareholders' nod for KepLand bid: observers

Singapore

EVEN as Keppel Corp embarks on a deal that some see has having a transformational effect for the conglomerate, its shareholders would have no say over the offer to take its real estate subsidiary Keppel Land private.

This is because the world's largest builder of offshore oil rigs has been given a waiver from the Singapore Exchange (SGX) from the requirement to seek approval from shareholders.