Keppel Land

Metech appoints former Keppel Land president Ng Ooi Hooi as independent director  - THE EDGE SINGAPORE

New appointments

Metech appoints former Keppel Land president Ng Ooi Hooi as independent director

Ng will also be appointed as the Chairman of the renumeration committee and a member of the audit committee.

Company in the news

Keppel Corp terminates divestment of Flemmington Investments

No further reasons were given except that the parties involved have already entered into agreements to terminate the divestment.
Keppel Corporation 1QFY2023 revenue up 9% y-o-y, net profit 'significantly higher' with O&M disposal gain - THE EDGE SINGAPORE

Results

Keppel Corporation 1QFY2023 revenue up 9% y-o-y, net profit 'significantly higher' with O&M disposal gain

Keppel recognised a disposal gain of $3.3 billion, received $500 million in cash and distributed $3.85 billion to shareholders.

M&A

Keppel to divest Greenfield Development for $75.6 mil

Greenfield Development holds a 100% stake in Straits Greenfield, which has the right to build and operate a hotel in Myanmar.
Sembcorp, SIA and Keppel Land announce new partnerships with their Vietnamese counterparts - THE EDGE SINGAPORE

Company in the news

Sembcorp, SIA and Keppel Land announce new partnerships with their Vietnamese counterparts

As at 3.02pm, shares in Sembcorp, SIA and Keppel Corporation are trading at $3.72, $5.88 and $7.09 respectively.

Property

Keppel Land to divest stake in Willowville for $7.4 mil

Willowville has a 60% stake in a project company that holds the rights to develop a site in District 1 of Ho Chi Minh City.

Company in the news

Keppel Land enters China's senior living market with acquisition of new senior living facility in Nanjing

The facility is envisaged to become a premier assisted-living community with care capabilities and around 400 beds.

Property

Keppel Land to divest entire stake in Shanghai Fengwo Apartment Management Co Ltd for $151 mil

Keppel Land would have had an estimated gain on disposal of RMB135 million upon the completion of the divestment.

Property

Keppel acquires office tower in Seoul's CBD for $228.7 mil

The Samhwan Building, in Seoul's CBD, is surrounded by Korean palaces in the UNESCO World Heritage List.

M&A

Keppel Corp to increase stake in Kingsdale Development to 90%

The completion of the transaction is expected to take place by 4Q2022.
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