SINGAPORE (Oct 27): Keppel Corp says subsidiaries Kephinance Investment and Kepwealth Inc has sold about 34 million shares or a 100% stake Kepwealth Property Phils (KPP) to Euro Capital Land for about PHP 793.6 million ($21 million).

Upon completion of the divestment, KPP will no longer be a subsidiary of Keppel Corp.

KPP owns the majority of a mix office and residential building in Cebu, Philippines.

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