51 stories mentioning SGX:BN4Updated 6d ago
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Keppel's (SGX:BN4) dormant subsidiary, Celestite, has been placed under members' voluntary liquidation, according to a Monday Singapore Exchange filing.The company said the liquidation is not expected to have any material impact on its net tangible assets or earnings per share for the financial year ending Dec. 31.
Keppel (SGX:BN4) said its two wholly-owned subsidiaries, Bogor DC Investment and Dubnium DC, have been placed under members' voluntary liquidation, according to a Tuesday filing with the Singapore Exchange.Their liquidation is not expected to have any material impact on the company's net tangible assets or earnings per share for the financial year ending Dec. 31, Keppel said.
Keppel's (SGX:BN4) connectivity division has been provisionally awarded 50 megawatts of new data center capacity under Singapore's second Data Center Call for Application, jointly managed by the Economic Development Board, according to a Friday filing.The award drew more than 20 proposals and will now support the development of Keppel Data Center Singapore 11, with an expected investment of more than SG$1 billion.The data center is part of the wider Jurong Island Data Center Park Initiative, which will be funded by Keppel Data Center Fund II and co-investors.
Keppel's (SGX:BN4) subsidiary Keppel Kruger has obtained a Facilities-Based Operator license from Singapore's Infocomm Media Development Authority, allowing it to own, operate and maintain telecommunications infrastructure and provide services related to the Kruger Cable System.The system will link Singapore with Malaysia, Bangladesh, India and Oman, according to a Tuesday news release.As part of its asset manager-operator model, Keppel plans to mobilize third-party capital through its private infrastructure fund to support the development of the Kruger Cable System. The project is under evaluation with potential investors, with an investment decision expected by year-end.
Keppel's (SGX:BN4) dormant wholly-owned subsidiary, Ocean & Capital Properties, has been placed under members' voluntary liquidation, according to a Thursday filing with the Singapore Exchange.The subsidiary's liquidation is not expected to have any material impact on the infrastructure developer's earnings per share or other financials for the financial year ending Dec. 31.
Keppel (SGX:BN4) has agreed to divest its entire 40% equity interest in Empire City for $270 million, through its real estate division, according to a Wednesday filing with the Singapore Exchange.The transaction, which is expected to complete by the fourth quarter of the year, will help the global asset manager achieve its monetization target of SG$2 billion to SG$3 billion this year.Empire City was established to develop a waterfront site, comprising residential and mixed-use developments.
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.
Keppel's (SGX:BN4) net profit attributable to shareholders fell 59% to SG$155 million for the six months ended June 30 from SG$378 million a year ago, according to a Wednesday filing to the Singapore Exchange.Shares of the global asset manager were down nearly 1% in Thursday's trade.Earnings per share declined to SG$0.085 from SG$0.206 a year earlier.Revenue in H1, however, increased 25% year-on-year to SG$3.81 billion from SG$3.06 billion.The company declared an interim cash dividend of SG$0.15 per share, unchanged from a year ago, to be paid to shareholders on Aug. 21.
Singapore shares fell on Tuesday, tracking broader regional losses as investors mirrored concerns over the sustainability of AI investments amid intense Chinese competition.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,577.43 and 5,625.27 throughout the day. It ended the session at 5,616.11, down 4.13 points or 0.1% compared to Monday's close.On the corporate front, shares of Keppel (SGX:BN4) closed nearly 3% higher as it surpassed its end-2026 interim target of SG$100 billion in funds under management after adding about SG$13.5 billion across its private infrastructure, real estate and connectivity funds year to date.OKP Holdings' (SGX:5CF) shares closed nearly 1% lower as its wholly-owned subsidiary, OKP Land, has incorporated a joint venture company, RPC One, with Hwa Seng Investment.Meanwhile, shares of CapitaLand Ascott Trust (SGX:HMN) were down nearly 1% at the close as it reported an 11% increase in first-half income available for distribution to SG$107 million.
Keppel (SGX:BN4) surpassed its end-2026 interim target of SG$100 billion in funds under management after adding about SG$13.5 billion across its private infrastructure, real estate and connectivity funds year to date.The increase was supported by SG$7.8 billion in new capital commitments from global limited partners across several funds and investment mandates, according to a Tuesday Singapore Exchange filing.Keppel said its private infrastructure strategies have also secured SG$7.7 billion of equity commitments, supporting an acquisition pipeline exceeding SG$22 billion.The company said the developments are not expected to have a material impact on its earnings per share or net tangible assets per share for the current financial year.
Apollo Global Management has agreed to invest $1.5 billion into a new private fund, Keppel Offshore Fund, as part of Keppel's (SGX:BN4) program to monetize up to 10 legacy rigs, according to company filings on Monday.Keppel plans to progressively divest 10 oil rigs held by its indirect subsidiary, RigCo Holding, for about SG$3.7 billion. The Singapore-based global asset manager said the transaction will help monetize non-core assets, unlock capital for reinvestment, and reward shareholders.Under the first phase, Keppel will divest six operational rigs to the new fund this year for roughly SG$1.2 billion, receiving about $478 million in cash consideration. Keppel will fulfill its 50% contribution to the fund via an in-kind transfer.Keppel also intends to divest four additional uncompleted rigs to the fund between 2027 and 2028, with construction funded using cash retained within RigCo.The initial phase is expected to add about SG$3.9 billion to Keppel's funds under management.Additionally, Keppel announced it will record an accounting loss of approximately SG$92 million from the divestment of the first six rigs in its first-half 2026 financial results, which are scheduled to be announced at the end of the month."This transaction ... establishes a clear pathway for the progressive monetization of the legacy rigs," Keppel CEO Loh Chin Hua said."By repositioning the six operational rigs and potentially another four rigs, within Keppel's fund management platform, we are expanding our FUM and will earn recurring management fees."Apollo partner Jamshid Ehsani described the deal as "one of the first transactions of its kind in Southeast Asia.""[T]his partnership with Keppel demonstrates growing global demand among leading companies for high-grade capital solutions that advance strategic objectives," Ehsani said.Keppel's shares rose 2.4% in late-morning trade in Singapore on Tuesday.
Apollo Global Management has agreed to invest $1.5 billion into a new private fund, Keppel Offshore Fund, as part of Keppel's (SGX:BN4) program to monetize up to 10 legacy rigs, according to company filings on Monday.Keppel plans to divest 10 oil rigs held by its indirect subsidiary, Rigco Holding, for around SG$3.7 billion, the Singapore-based global asset manager said.Keppel aims to divest six rigs to the new Keppel Offshore Fund (KOF) this year for around SG$1.2 billion, for which it will receive a cash consideration of about $478 million. It will make 50% of the contribution to the new private fund through an indirect unit.The transfer is expected to add about SG$3.9 billion to Keppel's funds under management.The fund manager also plans to divest four additional rigs, which are in various stages of completion, to the new fund from 2027 to 2028. The transaction is expected to generate $988 million in cash proceeds for Keppel.Keppel noted it will recognize an accounting loss of around SG$92 million from the six operational rigs being divested to KOF in its H1 2026 results.
Keppel (SGX:BN4) placed subsidiary, Adfact, under members' voluntary liquidation, according to a Friday filing with the Singapore Exchange.Shares of the company were down over 1% in Monday trading.
Keppel (SGX:BN4) signed an indefeasible right of use agreement with an unnamed global hyperscaler for the last remaining pair on its Bifrost subsea cable system, according to a Monday filing with the Singapore Exchange.Following the agreement, all of the five fiber pairs in the company's Bifrost portfolio are committed, with an estimated total contract value of around $1.3 billion.The contracts include stable recurring income from operations and maintenance over 25 years.
Singapore shares closed in green on Monday as investor sentiment improved following the US and Iran decision to hold back on their attacks.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,177.84 and 5,209.80 throughout the day. It ended the session at 5,208.75, up 17.02 points or 0.3% compared to Friday's close.In economic news, factory-gate prices in Singapore rose in May, with the Domestic Supply Price Index edging up 34.2% year over year, while the Singapore Manufactured Products Price Index grew 30.8%, according to the Singapore Department of Statistics.On the corporate front, shares of Metech International (SGX:V3M) surged over 9% at the close as it signed two separate subscription agreements to raise over SG$4 million via the subscription of 100 million shares at SG$0.040 per share.XMH Holdings (SGX:BQF) closed nearly 6% higher as it revealed plans for a share split of one-to-four based on a weighted average price per share of SG$2.2709.Meanwhile, shares of Keppel (SGX:BN4) were up under 1% at the close as its land dispute in Jakarta was escalated to the Supreme Court of Indonesia after the claimant, Trumpal Hutabarat, filed a cassation appeal, following the South Jakarta District Court's earlier ruling that made his lawsuit over the land underlying IFC Jakarta Tower 2 inadmissible.
Keppel's (SGX:BN4) land dispute in Jakarta was escalated to the Supreme Court of Indonesia after the claimant, Trumpal Hutabarat, filed a cassation appeal, following the South Jakarta District Court's earlier ruling that made his lawsuit over the land underlying IFC Jakarta Tower 2 inadmissible.The claimant's ownership claim based on a 1954 "girik" document was not recognized as proof of land ownership under Indonesia, Agrarian Law.The claimant had initially claimed potential compensation of around 2.28 billion Indonesian rupiah.The company's subsidiary, PT Kepland Investama, has held land certificates for the plot since December 2000, which the court deemed to be the strongest proof of ownership under the country's Agrarian Law.Meanwhile, the company does not expect the cassation to impact its operations or financial performance, according to a Saturday filing with the Singapore Exchange.
Keppel (SGX:BN4) bought back 200,000 shares in the open market on Friday for nearly SG$2.3 million, according to a same-day filing with the Singapore Exchange.The infrastructure and real estate company has so far repurchased over 11.2 million shares under its existing buyback mandate.
Keppel (SGX:BN4) bought back 200,000 shares in the open market on Wednesday for nearly SG$2.3 million, according to a same-day filing with the Singapore Exchange.The infrastructure and real estate company has so far repurchased over 11 million shares under its existing buyback mandate.
(Corrects the highest and lowest ranges of the STI Index since the indices reported global interruption, which impacted the accuracy from their service provider)Singapore shares remained in the green zone on Wednesday, tracking broader regional gains as investors awaited the US Federal Reserve's upcoming policy decision under chairman Kevin Warsh.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,140.77 and 5,194.908 throughout the day. It ended the session at 5,176.46, up 59.60 points or 1.2% compared to Tuesday's close.In economic news, Singapore's non-oil domestic exports (NODX) jumped 38.4% year over year in May, quickening from the 24.4% increase in April, according to government data.Meanwhile, Singapore's merchandise trade surplus contracted to SG$5.57 billion in May from SG$13.1 billion in the prior month, according to data from Enterprise Singapore.On the corporate front, shares of Keppel (SGX:BN4) rose over 1% at the close as it signed an indefeasible right of use agreement with an unnamed global technology company for the fourth of its five available fiber pairs on the Bifrost subsea cable system.Accrelist (SGX:QZG) closed nearly 2% lower as it signed a non-binding term sheet to acquire a 51% stake in a Chinese medical aesthetics business for 10.2 million yuan.
Singapore shares remained in the green zone on Wednesday, tracking broader regional gains as investors awaited the US Federal Reserve's upcoming policy decision under chairman Kevin Warsh.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,120.18 and 5,196.96 throughout the day. It ended the session at 5,176.46, up 59.60 points or 1.2% compared to Tuesday's close.In economic news, Singapore's non-oil domestic exports (NODX) jumped 38.4% year over year in May, quickening from the 24.4% increase in April, according to government data.Meanwhile, Singapore's merchandise trade surplus contracted to SG$5.57 billion in May from SG$13.1 billion in the prior month, according to data from Enterprise Singapore.On the corporate front, shares of Keppel (SGX:BN4) rose over 1% at the close as it signed an indefeasible right of use agreement with an unnamed global technology company for the fourth of its five available fiber pairs on the Bifrost subsea cable system.Accrelist (SGX:QZG) closed nearly 2% lower as it signed a non-binding term sheet to acquire a 51% stake in a Chinese medical aesthetics business for 10.2 million yuan.
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