Floating Button
The Edge Singapore
Home News M&A
Premium
M&A

Keppel divests subsidiary Waterfront Investment for $2 mil

Atiqah Mokhtar
Atiqah Mokhtar • 1 min read
Keppel divests subsidiary Waterfront Investment for $2 mil
Waterfront Investment's adjusted net asset value stood at $1.6 mil as of Apr 3.
Font Resizer
Share to Whatsapp
Share to Facebook
Share to LinkedIn
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

Keppel Corporation has announced that its wholly-owned subsidiary, Keppel Marina Holdings (KMH), has divested its entire 100% interest in Waterfront Investment (WIPL) and assigned its existing shareholder loan to WIPL for an aggregate cash consideration of approximately $2 million.

The net asset value attributable to the stake in WIPL was approximately negative $13.4 million as at 30 April. Excluding the advances extended by KMH, the adjusted net asset value attributable to the stake was approximately $1.6 million.

Following completion of the divestment, WIPL has ceased to be a subsidiary of the company.

See also: Keppel Land enters JV with Vietnam’s Phu Long for new landed housing project in Ho Chi Minh City

See also: Netflix to buy Warner Bros in US$72 bil cash, stock deal

The divestment is not expected to have any material impact on the net tangible assets per share or earning per share of the company for the current financial year.

Shares in Keppel Corporation closed down 5 cents or 0.93% lower at $5.32 on June 4.

Photo: Keppel Corporation

TAGS
Keppel Corporation (Keppel Corp)
Keppel Marina Holdings
Waterfront Investments

Highlights

Trending Now
Wilmar’s Kuok Khoon Hong to cease to be a member of its risk management committee and board sustainability committee
What would an imaginary merger of DBS and Standard Chartered look like?
We said it ... but Singapore did it
DBS finds Bukit Sembawang to be a ‘potential dividend powerhouse’ in un-rated report
Raffles Education sells 51 Merchant Road for $121.8 mil, to book $53 mil gain
×
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
Topics
Broker's CallsCompany in the newsResults
Banking & financePropertyAll flash categories
Products & Services
NewsNewsletterVideosOptions
SG60AdvertisingT&CsSitemap
About Us
Our CompanyContact UsEditorial TeamJoin Us
Advertise with usFAQsPrivacy PolicyMalaysiaEvents
© 2025 The Edge Publishing Pte Ltd. All rights reserved.