Baker Technology (568.SG) +1.1% at $0.440 as revised agreement to sell its PPL Holdings unit, which owns 15% of SembMarine’s (S51.SG) PPL Shipyard, deemed likely to succeed. Instead of selling 50.1% stake in PPL to Yangzijiang (BS6.SG), Baker will now sell it to QD Asia Pacific, wholly-owned by Qatari sovereign wealth fund Qatari Diar Real Estate Investment, which supposed to take 45% stake under initial plan unveiled in April, according to Dow Jones.

Yangzijiang will now take smaller 45% stake in PPL. Overall sale price for PPL lowered to US$116.3 million ($157 million) from US$155.0 million. Revised agreement also protects buyers from any fallout from SembMarine’s legal action to block initial sale, with SembMarine claiming it has first right of refusal to PPL.

“The new deal is structured in such a way that the lawsuit by Sembmarine will no longer hinder the sale,” broker says. Resistance eyed at $0.46 August high.