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Don’t forget the China factor in Keppel’s valuation

PC Lee
PC Lee10/30/2017 11:50 AM GMT+08  • 2 min read
Don’t forget the China factor in Keppel’s valuation
SINGAPORE (Oct 30): Keppel Corporation announced last Thursday that Keppel Land China is divesting its 100% stake in Keppel China Marina Holdings (KCMH) for RMB2.9 billion ($597.4 million).
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SINGAPORE (Oct 30): Keppel Corporation announced last Thursday that Keppel Land China is divesting its 100% stake in Keppel China Marina Holdings (KCMH) for RMB2.9 billion ($597.4 million).

KCMH indirectly owns an 80% effective interest in Sunsea Yacht Club (Zhongshan), a JV which owns and develops Keppel Cove, an integrated residential cum marina lifestyle development on Modao Island in Zhongshan city, China.

With this divestment, a gain of about $290 million is expected to be recognised. Completion is expected to take place by the end of this year.

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