SINGAPORE (April 4): Keppel Corporation says wholly-owned subsidiary, Keppel Land China, has completed the divestment of 100% stake in Keppel China Marina Holdings (KCMH) to Delight Prime for RMB 2.9 billion (S$597.1 million).
(See: Keppel Land China sells stake in Keppel Cove in Zhongshan for $597.4 mil)
(See also: Keppel kept at 'add' on divestment gain from Keppel Cove in Zhongshan to boost 1Q18 earnings)
The group expects to recognise a gain of about S$289 million from the divestment.
Following the closing of the divestment, the group will no longer hold any interest in KCMH, Sunseacan Investment (Hong Kong) Company and Sunsea Yacht Club (Zhongshan) Co... (Click here to read the full story)