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Keppel Corporation Ltd (KPLM.SI)

KPLM.SI on Stock Exchange of Singapore

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Latest Key Developments (Source: Significant Developments)

Keppel Corp says unit signed agreement with Borr Drilling for Transocean rigs
Monday, 20 Mar 2017 09:44am EDT 

Keppel Corporation Limited : Keppel signs heads of agreement with borr drilling for transocean rigs . Under new agreement, Borr Drilling will take over contracts and undertake remaining payment installments to Keppel Fels . Price for each rig is usd$216 million, compared to original price of usd$219 million . Under agreement construction contracts for five jackup rigs currently being built by Keppel Fels for Transocean will be novated to Borr Drilling . Completion of transaction is expected to take place before end of may 2017 . Transaction will not have any material impact on net tangible assets & earnings per share of Keppel Corp for FY17 . "Borr Drilling will also make a down payment of usd$275 million" .Keppel Offshore & Marine Ltd has entered into a heads of agreement with Borr Drilling Ltd of Bermuda.  Full Article

Keppel Corporation says Chow Yew Yuen to retire as CEO of Keppel O&M
Monday, 20 Mar 2017 07:00am EDT 

Keppel Corporation Limited : Chris Ong, MD of Keppel FELS, will be concurrently appointed acting chief executive officer (CEO) of Keppel Offshore & Marine .Chow Yew Yuen, CEO of Keppel O&M, will retire with effect from 31 March 2017.  Full Article

Keppel Corp announces acquisition of units in Keppel DC Reit
Friday, 24 Feb 2017 06:59am EST 

Keppel Corporation Ltd : Acquisition Of Units In Keppel Dc Reit . Unit has acquired 138,034 units in Keppel Dc Reit . Transaction is not expected to have any significant impact on EPS of company for current financial year .Management fee units were issued at a price of s$1.1894 per unit.  Full Article

Keppel corporation says Keppel REIT Management Limited has acquired units in Keppel REIT
Friday, 3 Feb 2017 06:32am EST 

Keppel Corporation Ltd - : Keppel REIT Management Limited has acquired 19.1 million units in Keppel REIT . Transaction is not expected to have any significant impact on eps and net tangible asset per share of company for current financial year .Units were issued at a price of s$1.0152 per unit.  Full Article

Keppel Corp announces sale of interest in GE Keppel Energy Services Pte
Friday, 27 Jan 2017 12:02am EST 

Pdf 1: Sale Of Interest In Ge Keppel Energy Services Pte Ltd . Deal for a consideration of s$24.6 million . unit entered into a sale and purchase agreement through Keppel Infrastructure Services . deal to divest 49.99% interest in issued share capital of GE Keppel Energy Services Pte ltd to GE Singapore Pte .Transaction is not expected to have any material impact on EPS of KCL for current financial year..  Full Article

Keppel Corporation's unit signs 25-yr water purchase deal
Friday, 20 Jan 2017 04:50am EST 

Keppel Corporation Ltd : Unit signed a 25-year water purchase agreement with PUB, national water agency, for Singapore's fourth desalination plant . When completed, plant will be able to produce 137,000 cubic metres of fresh drinking water per day . Contract is not expected to have material impact on earnings per share or net tangible assets per share of co for current FY .Pdf 1: Keppel Corporation Limited (Keppel Awarded Contract To Build Singapore's Fourth Desalination Plant) Full Article

Keppel Corp announces sale of interest in Indonesian unit
Wednesday, 11 Jan 2017 04:32am EST 

Keppel Corporation Limited : Sale of interest in subsidiary PT Sentral Tunjungan Perkasa . Total consideration for divestment is approximately idr 529 billion . transaction is not expected to have any material impact on earnings per share of co .unit entered into a sale and purchase agreement to divest all its shareholding interests in pt sentral tunjungan perkasa.  Full Article

Keppel Corp to dispose interest in Cityone Development
Wednesday, 28 Dec 2016 04:54am EST 

Keppel Corporation Limited - : Sale Of Interest In Associated Company Cityone Development (Wuxi) Co., Ltd . Through Keppel land, Shanghai Merryfield Land co, Cityone Township Development and their jv partner have entered into sale and purchase agreement . Total consideration for divestment is approximately rmb1.25 billion . Following divestment, CDCL will cease to be an associated company of KCL . Completion of divestment is expected to take place by 31 march 2017 .Divestment is not expected to have any material impact on earnings per share and net tangible asset per share of KCL for current fy.  Full Article

Keppel Corp says Keppel Land to jointly develop landed homes with PT Metropolitan Land Tbk
Thursday, 22 Dec 2016 04:44am EST 

Keppel Corporation Limited :Keppel Land to jointly develop landed homes with PT Metropolitan Land Tbk in Greater Jakarta.  Full Article

Keppel to build Singapore’s fourth desalination plant in Marina East
Wednesday, 21 Dec 2016 06:18pm EST 

Keppel Corporation Ltd : Named preferred bidder by Singapore's national water agency, to design, build, own and operate singapore's fourth desalination plant . Transaction is not expected to have a material impact on net tangible assets or eps of keppel corporation limited for current financial year . To design, build, own and operate Singapore's fourth desalination plant for a concession period of 25 years .Keppel Infrastructure Holdings Pte Ltd has been named preferred bidder.  Full Article

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