Keppel earned S$360 million in the three months ended March, up from S$339 million in the same period a year ago. Revenue for the quarter was S$2.81 billion, down 6.1 per cent from S$3 billion a year ago.
April 01, 2015 2:54 AM
KEPPEL Corp's takeover offer for its property arm Keppel Land closed yesterday with the parent company ending up a whisker shy of a key threshold that would have led to a better payout to minority shareholders.
March 27, 2015 2:02 AM
KEPPEL Corp said it had a "solid contract backlog" of $12.5 billion as at the end of last year, enough to keep its yards busy over the next two years amid the downturn in energy exploration caused by lower prices.
In a filing to SGX, Keppel says it has control of 90.9 per cent of the total number of issued shares in Keppel Land. Keppel needs to own 90 per cent of the minority shareholders’ shares, before the compulsory acquisition threshold is triggered.
March 14, 2015 1:07 AM
KEPPEL Corp (KepCorp) said yesterday that it now owns 85.6 per cent of Keppel Land (KepLand), as it inched closer to the minimum 95.5 per cent thresholdit needs to take its property subsidiary private.
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