THE following companies saw ne

2022-07-01

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).

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

DonnaMay
2022-07-02
DonnaMay
Your writing gave me a reference
leilei369
2022-07-01
leilei369
thanks for sharing
mac0racle
2022-07-01
mac0racle
Thabks for sharing
setia100
2022-07-01
setia100
TQ for sharing 🙏
KhengGoR
2022-07-01
KhengGoR
come
WinLin
2022-07-01
WinLin
[smile]

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