Keppel Corp Divests 28.44% Stake in Thai-Listed SVOA for $23.4 Mil

The Edge Singapore2023-07-13

Keppel Corporation has, through its wholly-owned subsidiary, Apsilon Ventures Pte Ltd, divested 28.44% of its stake in Thai-listed SVOA Public Company Limited for 605.8 million baht ($23.4 million). ...

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The market value represented by the shares that were sold was 535.9 million baht as at July 12.The stake was divested to Sophon Intanate (3.45%), Kulapa Intanate (3.5%), Pilada Intanate (3.55%), Chao Intanate (3.6%) and Prasit Kanchanasakdichai (14.34%).Following the divestment, Apsilon’s interest in SVOA fell to 3.5% from 31.94% previously. 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