Keppel Land China (KLC)

Keppel Land says it expects to recognise a divestment gain of RMB668 million.

The joint venture is in line with Keppel Land China’s strategy to deepen its presence in Shanghai.

The divestment is expected to be completed in the first quarter of 2021.

SINGAPORE (Aug 22): Keppel Corp’s China property arm is jointly developing 3.8ha of land in Nanjing, China, into a commercial and residential mixed-use property.

SINGAPORE (Mar 26): Keppel Corporation is jointly acquiring Yi Fang Tower in Shanghai for a consideration of RMB 4.6 billion ($926 million).

SINGAPORE (Jan 1): Keppel Land China is acquiring a 11-storey commercial property in Zhongguancun, widely known as China's Silicon Valley for an aggregate cash consideration of RMB 555 million ($111 million).

SINGAPORE (Dec 19): Keppel Land China, a wholly-owned subsidiary of Keppel Corporation, has secured a 10.97-ha residential site in the Sino-Singapore Tianjin Eco-City (Eco-City) for RMB 1.07 billion ($214 million) in a public land tender.

SINGAPORE (Dec 26): Keppel Corporation says Keppel Land China (KLC) will not be able to complete the divestment of Keppel China Marina Holdings (KCMH) --  at least for the moment.