THE following companies saw new developments that may affect trading of their securities on Friday (Jul 1):
Keppel Infrastructure Trust (A7RU): Keppel Infrastructure Trust (KIT) has entered a non-binding term sheet to purchase from its sponsor a 50-per-cent stake in Marina East Water (MEW), which owns the Keppel Marina East Desalination Plant (KMEDP), for an enterprise value of about S$355 million.
Keppel(BN4): ORIZONA, a wholly-owned unit of Keppel Land, has terminated a joint venture announced in 2020 with Emerald Haven Realty to develop a residential project in Chennai in south-eastern India.
In a Thursday (Jun 30) bourse filing, Keppel Corp said that Orizona, Emerald Haven and other entities involved have entered a deal to terminate the share-purchase agreement in relation to the acquisition of sale shares, and the joint-venture agreement in relation to the subscription and allocation of compulsorily convertible debentures (CCDs).
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