Keppel Corporation BN4 has disposed of another 50 million shares in Seatrium for a total consideration of $7.26 million, or 14.52 cents each.
The disposal, which amounts to a 0.07% stake in Seatrium, was done via the market on July 28.
Seatrium had reported a loss of $264.4 million for the 1HFY2023 ended June 30. It was the group's first-ever results announcement for the six-month period since the completion of the combination with Keppel Offshore & Marine (Keppel O&M) – now Seatrium O&M – on Feb 28. Analysts had remained mostly positive about the O&M group's prospects after its results.
The recent disposal comes after Keppel sold some 42 million shares in Seatrium for $5.17 million, or 12.3 cents each, on June 5.
After the latest transaction, Keppel has an interest in 2.1496% of the shares in Seatrium.
As at 3.33pm, shares in Seatrium are trading 0.2 cents lower or 1.44% down at 13.7 cents.
