Log in
Login
Password
Remember
Lost password
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Shares  >  SINGAPORE EXCHANGE  >  Keppel Corporation Limited    KPLM   SG1U68934629

SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Keppel Corp. : SGXNET: Acquisition of Units in K-REIT Asia

12/30/2011 | 07:05am US/Eastern
ACQUISITION OF UNITS IN K-REIT ASIA

Keppel Corporation Limited (the "Company") wishes to announce that it has today, through K-REIT Asia Management Limited ("KRAM"), a wholly-owned subsidiary of Keppel Land Limited received 23,534,019 units in K-REIT Asia issued at a price of S$0.8554 per unit as payment by K-REIT Asia of the acquisition fee due to KRAM as the manager of K-REIT Asia for the acquisition by K-REIT Asia of an approximate
87.51% equity interest in Ocean Properties Pte. Limited which owns Ocean Financial Centre.
The issue price per unit was arrived at based on the volume weighted average price for a unit in K-REIT Asia for all trades done on the Singapore Exchange Securities Trading Limited in the ordinary course of trading for the period of ten business days immediately preceding 14 December 2011.
This mode of payment of the acquisition fee in the form of units in K-REIT Asia is in accordance with the provisions of the trust deed dated 28 November 2005 (as amended) constituting K-REIT Asia.
With this transaction, the total number of units in K-REIT Asia, deemed to be held by the Company
(through Keppel Real Estate Investment Pte Ltd, and Keppel Land Limited) has increased from
1,940,589,450 units (representing 76.88% of the total number of issued units in K-REIT Asia as at 30
December 2011) to 1,964,123,469 units (representing 77.10% of the total number of issued units in K- REIT Asia as at 30 December 2011).
The above transaction is not expected to have any significant impact on the earnings per share and net tangible asset per share of the Company for the current financial year.

1

React to this article
Latest news on KEPPEL CORPORATION LIMITED
10:41a CAMERON : Keppel enhances capabilities with acquisition of LETOURNEAU jackup rig..
10:41a KEPPEL : Acquisition of shares resulting in a company becoming a subsidiary
09:20a CAMERON : Keppel O&M to Acquire Cameron's Offshore Rig Business for $100M
06:52a KEPPEL : SGXNET: Share Buy Back - Daily Share Buy-Back Notice
08/30 KEPPEL : SGXNET: Acquisition of Shares Resulting in a Company Becoming a Subsidi..
08/30 KEPPEL : enhances capabilities with acquisition of LETOURNEAU™ jackup rig ..
08/26 KEPPEL : Down 0.5pc
08/25 KEPPEL : 1.5pc higher
08/24 KEPPEL : SGXNET: Change in Corporate Information
08/19 KEPPEL : SGXNET: Change in Trading Counter Name
Advertisement
Chart
Duration : Period :
Keppel Corporation Limited Technical Analysis Chart | KPLM | SG1U68934629 | 4-Traders
Income Statement Evolution
More Financials