SINGAPORE (Mar 19): Keppel Land, through its wholly-owned subsidiary, Oil (Asia), has acquired the remaining 10% stake in Jencity, which holds Saigon Sports City, from Jenclub Limited for a consideration of approximately US$11.4 million ($15.1 million).

Following the acquisition, Keppel Land, the property arm of Keppel Corp, will hold 100% interest in Saigon Sports City.

Saigon Sports City is a 64-hectare township that Keppel Land is developing in the prime District 2 in Ho Chi Minh City, Vietnam, in collaboration with Keppel Urban Solutions.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Related Stories

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook