FINWIRES · TerminalLIVE
FINWIRES

Keppel's Wholly-Owned Arm Starts Liquidation Process

By

Keppel Land, a wholly-owned subsidiary of Keppel (SGX:BN4), has been placed under member's voluntary liquidation, according to a Friday filing to the Singapore Exchange.

The asset manager's shares were down 2% in Monday's trade.

The subsidiary's liquidation is not expected to have any material impact on company's financials for the financial year ending Dec. 31.

Related Articles