SINGAPORE (Dec 26): Keppel Corporation says Keppel Land China (KLC) will not be able to complete the divestment of Keppel China Marina Holdings (KCMH) --  at least for the moment.

This is despite the Dec 22 decision by the Court of Appeal to reject an application by Sunsea Yacht Club (Hong Kong) (SYCHK) to appeal against a Dec 15 order by Singapore High Court to restrain KLC from completing the divestment, be dismissed.

KLC is selling 100% stake in KCMH to Delight Prime for $597.4 million.

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