SINGAPORE (Nov 21): Keppel Corporation announced that Keppel Land China (KLC), a wholly-owned subsidiary of Keppel Land, and Keppel China Marina Holdings (KCMH) were on Monday served as co-defendants in a writ of summons filed by Sunsea Yacht Club (Hong Kong) (SYCHK) in the High Court of Singapore.

The lawsuit refers to KLC’s divestment of 100% stake in KCMH to Delight Prime. KCMH in turn holds an 80% stake in Sunseacan Investment (HK), with SYCHK holding the remaining 20%.

Sunseacan Investment (HK) is developing Keppel Cove, a residential cum marina development on Modao Island, Zhongshan City, China.

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