Keppel Corp divests Willowville for US$5.5 mil to Oasis Asia Real Estate Investment

Khairani Afifi Noordin2023-02-08

Completion of the divestment is expected to take place by the first half of 2023.Keppel Corp is fully divesting its investment holding unit Willowville to Oasis Real Estate Investment for US$5.5 ...

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Following the completion, Willowville will cease to be a subsidiary of the company. \nThe divestment is in line with Keppel’s Vision 2030 asset monetisation plans to unlock capital, it said in a filing. \nThe transaction is not expected to have any material impact on Keppel’s net tangible assets per share or earnings per share for the current financial year.\nShares in Keppel closed 3 cents lower or 0.4% down on Feb 8 at $7.08.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.28.3","shortVersion":"4.28.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2310276375"}