Keppel Corporation (Keppel Corp)

Keppel Land China to acquire commercial property Beijing's Silicon Valley for $35 mil

SINGAPORE (Sept 2): Keppel Land China is expanding its presence in Beijing by acquiring 100% of the equity interest in Beijing Shunxiangren Enterprise Management Co., which indirectly owns the Shangdi Neo commercial property, for RMB178.6 million ($35.1 million).

Shangdi Neo is located within China’s Zhongguancun, or the so-called Silicon Valley, in the Haidian District.

The property will be occupied by co-working space operator Distrii, who will be its sole tenant. The five-storey development offers about 4,241 sqm of net leasable area.

Government, businesses lead the way but all must contribute to environmental sustainability: Masagos

SINGAPORE (Aug 27): Minister for the Environment and Water Resources Masagos Zulkifli says Singapore must work together to help mitigate climate change, even as the country explores solutions to adapt to "a new normal".

“Even as we discuss what the government and businesses can do to reduce waste, we must recognise the need for all sectors of society to contribute to our journey towards zero waste and environmental sustainability,” Masagos says at the Singapore Environmental Achievement Awards (SEAA) on Tuesday.

Keppel wins environmental award, secures inclusion in FTSE4Good Index

SINGAPORE (Aug 27): Keppel Corp was awarded the SEC-SATS Asia Pacific Singapore Environmental Achievement Award for the services category at the Singapore Environment Council’s Environmental Achievement Awards 2019 today.

The annual Singapore Environmental Achievement Awards recognises organisations for their excellence in environmental stewardship. The award ceremony was graced by Singapore Minister for Environment and Water Resources Masagos Zulkifli.

Keppel expands data centre footprint in Sydney

SINGAPORE (Aug 5): Keppel Corporation’s Alpha Data Centre Fund is acquiring a 3,840 sqm plot of freehold land in Gore Hill Technology Park to develop a data centre in Sydney, Australia.

Alpha DC Fund is managed by Alpha Investment Partners, a wholly-owned subsidiary of Keppel Capital, the asset management arm of Keppel.

The greenfield data centre, Keppel DC Sydney 1, will be located adjacent to Gore Hill Data Centre, an existing data centre in Keppel DC REIT's portfolio.

Have investors found a keeper in Keppel?

SINGAPORE (July 22): Keppel Corporation, the conglomerate with four core businesses comprising property, offshore & marine, infrastructure and investments, reported a 39% decline in 2Q19 earnings to $153 million from a year ago.

See: Keppel posts 39% fall in 2Q earnings to $153 mil on absence of en bloc property sales

So, will Keppel see a better third quarter and second half?

Keppel to see stronger 1Q earnings on property trading and divestment, says CGS-CIMB

SINGAPORE (Apr 17): Keppel Corp is announcing its 1Q19 results on Thursday, after market close.

CGS-CIMB Research expects Keppel to achieve net profit of $230 million largely be driven by property trading and divestment of interests in the Dong Nai project in Vietnam.

The research house says the restructuring of Keppel’s various businesses are slowly falling into place with the completion of M1’s acquisition; the privatisation of Keppel T&T (KTT) and with the long-awaited delivery of Sete Brasil semi-subs.

Keppel Infrastructure-led consortium secures $52.5 mil Jurong Island pipelines project

SINGAPORE (Apr 16): Keppel Infrastructure’s wholly-owned subsidiary, Pipenet, as a lead consortium partner together with Asia Projects Engineering, has secured a $52.5 million contract to design and build two 48in crude oil pipelines and ancillary facilities along parts of Banyan Drive, Banyan Avenue and the Jurong Island Highway that will facilitate pipeline connection to the Jurong Rock Caverns on Jurong Island.

Keppel Infrastructure is in turn a wholly-owned subsidiary of Keppel Corporation.

Keppel said to consider Shanghai tower purchase

(Mar 25): An arm of Singapore’s Keppel Corp. is considering buying twin buildings on the banks of Shanghai’s Huangpu River from Dalian Yifang Group Co., people familiar with the matter said.

The property, known as Shanghai Yi Fang Center, could fetch more than 4 billion yuan ($805 million), according to the people. Keppel is discussing the deal through its asset-management unit Keppel Capital Holdings, one of the people said, asking not to be identified because the discussions are private.

Offer for M1 turns unconditional after Konnectivity achieves majority control

SINGAPORE (Feb 16): The offer for M1 by Konnectivity has become unconditional in all aspects after the latter gained majority control of the telco.

This comes after 28.6% shareholder Axiata Group tendered its entire stake in acceptance of the offer.

Konnectivity is the offer vehicle jointly owned by Keppel Corporation and Singapore Press Holdings (SPH).

Keppel reverses out of the red in 4Q with earnings of $135 mil on absence of graft-linked penalty and costs

SINGAPORE (Jan 24): Keppel Corporation reported earnings of $135 million for 4Q18 ended Dec 2018, compared to a net loss of $492 million for 4Q17.

Excluding the one-off financial penalty and related costs of $619 million arising from Keppel O&M’s global resolution with criminal authorities in 4Q17, earnings for 4Q18 of $135 million was 6% above the earnings of $127 million for 4Q17.

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