The market value represented by the sale shares as at Apr 2 was $10.4 million, Keppel notes.
Keppel Philippines Marine Retirement Plan holds an effective interest of 36% in Kepwealth following the divestment. It is a subsidiary of Seatrium Limited.
Keppel says that this divestment is not expected to have any material impact on the net tangible assets per share or earnings per share for the FY2026.
Shares in Keppel closed 4 cents lower or 0.585% down at $6.80 on Apr 2.
