Ocean Properties

Keppel Land acquires additional stake in Ocean Properties

Keppel Land is acquiring an additional 11.85 per cent stake in Ocean Properties for S$107.1 million, through its wholly-owned subsidiary Straits Property Investments. This will increase Keppel Land's current stake in Ocean Properties to 87.51 per cent. Straits Property acquired the additional stake from HSBC, an existing shareholder of Ocean Properties. Ocean Properties is a Singaporean property...

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