- We view Keppel’s reimposition of control over Asset Co to be strategically important, as it allows Keppel to determine the pace and structure of the monetisation of its rig assets.
- - Read this at SGinvestors.io -
- In addition, Keppel announced also that it had divested its stakes in two data centres to Keppel DC REIT.
Determining its own destiny by rowing its own boats.
- Keppel announced that it will undertake a selective capital reduction (SCR) exercise on Asset Co which will result in Asset Co becoming a wholly-owned subsidiary of the company.
- - Read this at SGinvestors.io -
Background of Asset Co.
- Read more at SGinvestors.io.
Above is the excerpt from report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full report in PDF @ https://www.utrade.com.sg/.
Adrian LOH UOB Kay Hian Research | https://research.uobkayhian.com/ 2024-11-20
Previous report by UOB:
2024-10-30 Keppel - Focusing On Data Centres & Connectivity.
Price targets by other brokers at Keppel Target Prices.
Listing of research reports at Keppel Analyst Reports.
Relevant links:
Keppel Share Price History,
Keppel Announcements,
Keppel Dividends & Corporate Actions,
Keppel News Articles
