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Keppel's Indonesia subsidiary faces land dispute

The Edge Singapore
The Edge Singapore2/14/2022 09:59 PM GMT+08  • 1 min read
Keppel's Indonesia subsidiary faces land dispute
Keppel will apply to strike out the claim.
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Keppel Corp’s subsidiary in Indonesia is sued by an individual over land ownership rights where the International Financial Centre Jakarta Tower 2 building complex is sited.

According to Keppel Corp in an SGX filing on Feb 14, one Raden Saleh Abdul Malik claims that land plots with a total area of some 17,000 sqm belongs to him and not PT Kepland Investama.

Raden is suing for compensation amounting to IDR1.72 trillion ($161.5 million) plus foreclosure of the disputed land plots.

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