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SUTL Enterprise Arm Extends Long-Stop Date for Marina at Keppel Bay Acquisition

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SUTL Enterprise's (SGX:BHU) wholly-owned subsidiary One15 Marina KB and Keppel Bay have also agreed to extend their long-stop date for the proposed SG$40 million acquisition of Marina at Keppel Bay to Jan 4, 2027, from Jul 31, according to a Thursday filing to the Singapore stock exchange.

The extension follows the start of the second phase of in-depth review of the acquisition by the Competition and Consumer Commission of Singapore (CCS).

A Phase 2 review entails a more detailed and extensive examination of the effects of the merger situation, the company said.

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