SINGAPORE (Oct 22): Keppel Corp — once the world’s largest jack-up rig manufacturer — is taking a few steps to boost its earnings independently of the oil price rebound and a possible recovery in the global offshore and marine (O&M) sector. For the past 2½ years, Keppel has had to lean on its property sector under Keppel Land to underpin earnings. Last year, it reorganised its fund management and fee income business under Keppel Capital, and this year, it is planning to simplify its telecommunications business with an offer to privatise Keppel Telecommunications and Transportation (KT&T), and to acquire a larger stake in M1. Under its fund management arm, Keppel is sponsor to and manages three real estate investment trusts (REITs) and a business trust, and a property fund called Alpha Investment Partners. 

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