Keppel Corporation (Keppel Corp)

Keppel T&T, SPH mulling potential transaction involving respective M1 stakes

SINGAPORE (Sept 24): Keppel Corp and Singapore Press Holdings (SPH) are considering a potential transaction involving their respective stakes in telco M1.

Keppel owns 19.3% of M1, via Keppel T&T, while SPH owns 13.5% of M1. A general offer for M1 would be triggered should both Keppel and SPH divest their respective stakes in M1 to a third-party investor.

Malaysian telco Axiata Group is M1’s largest single shareholder with a 28.7% stake.

In a filing this morning, Keppel says there is no certainty or assurance that any transaction will occur.

Swiss regulator raps Credit Suisse for anti-corruption failings

ZURICH (Sept 17): Credit Suisse will be overseen by an independent monitor after failing in its duty to combat corruption in cases linked to soccer body Fifa and Venezuelan and Brazilian state oil companies, Swiss finance industry watchdog Finma said on Monday.

Separately, the Swiss authority determined Credit Suisse also fell short of its obligation to fight money laundering while managing "a significant business relationship for the bank with a politically exposed person", Finma said in a statement.

Keppel Capital to establish new $1 bil wholesale Australian property fund with Vicinity

SINGAPORE (Aug 6): Keppel Capital Ventures, the wholly-owned subsidiary of Keppel Capital Holdings, the asset management arm of Keppel Corp, has entered into a MOU with Vicinity Centres, a leading Australian retail property group listed on the Australian Securities Exchange, to establish a new private fund.

The proposed fund intends to invest in an initial A$1 billion ($1 billion) portfolio of Australian retail properties owned by Vicinity Centres.

Sembcorp, YTL said to eye pursuing $1.5 bil Hyflux plant

(Aug 3): Sembcorp Industries and Keppel Corp. are among parties planning to study bids for Hyflux’s biggest asset, according to people with knowledge of the matter, in a sale that’s key to helping the cash-strapped company get back on its feet.

KBS Realty said to be considering US$1 bil REIT IPO in Singapore

SINGAPORE (July 26): KBS Realty Advisors, a US-based commercial property owner, is considering its second real estate investment trust listing in Singapore, people with knowledge of the matter said.

The company aims to raise at least US$1 billion ($1.36 billion) from a potential sale of trust units backed by at least 15 prime commercial properties, the people said. A possible initial public offering could take place in the fourth quarter, said the people, who asked not to be identified because the details are private.

Keppel reports 38% rise in 1H earnings to $583 mil on property and infrastructure divisions

SINGAPORE (July 19): Keppel Corporation reported a 38% rise in 1H18 earnings to $583 million from $423 million a year ago as stronger contributions from the property and infrastructure divisions which more than offset losses incurred by the offshore & marine (O&M) and investments divisions.

Keppel Urban Solutions and ST Engineering in partnership to implement smart city masterplans

SINGAPORE (July 9): Keppel Urban Solutions, a wholly-owned subsidiary of Keppel Corporation, and ST Engineering, the defence and engineering group, has signed a Memorandum of Understanding (MOU) that will leverage each other's expertise and resources in the design and implementation of smart city masterplans and solutions in Keppel's developments as well as to collaborate on third-party projects in Asia Pacific.

Go for sold-down defensive stocks to navigate tricky trade war: KGI

SINGAPORE (June 25): The Singapore stock market has been spooked by a few events recently, including US-China trade wars and Opec’s tussle with expanding oil production.

Alongside these events are continued tightening by the Federal Reserve and a $37 billion injection into the financial by the PBoC to calm markets after US tariffs.

Keppel O&M to build two dredgers for Dutch Van Oord

SINGAPORE (May 16): Keppel Singmarine has secured contracts of undisclosed value from Van Oord to build two high-specification Trailing Suction Hopper Dredgers (TSHDs).

The two dredgers are expected to be completed in 4Q20 and 2Q21 respectively. As part of the contracts, Van Oord has an option to order a third dredger to be exercised within one year.

Keppel Singmarine is a subsidiary of Keppel Offshore & Marine, a member of the Keppel Corp group of companies.

Analysts divided even as Keppel climbs to highest quarterly earnings in recent years

SINGAPORE (Apr 20): Keppel Corporation saw its earnings jump 33.7% year-on-year to $337.5 million for the 1Q ended March – the highest level achieved in nine quarters since 4Q15. But is the worst over for the conglomerate?

See: Keppel's 1Q earnings up 34% to $337.5 mil on divestment gain and higher revenue

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