Keppel Corporation completes sale of Berich Enteprises and Keppel Kazakhstan

For a cool $32.5m.

Keppel Corporation Limited's sale and purchase agreement with KazStroyService Global Engineering B.V. for the sale of 2 shares, representing 100% of the issued and paid up capital of Berich Enterprises Limited (Berich), an indirect wholly-owned subsidiary of the Company, at a consideration of $16,250,000 per share, has been completed.

The aggregate cash consideration of S$32,500,000 for the Sale Shares was arrived at on a willing buyer willing seller basis, taking into account the book value and net tangible assets of the Sale Shares as at 20 September 2013, being USD24,801,000.

In September during the announcement of the sale, completion was said to be subject to, among other things, the approval of the applicable authorities in Kazakhstan for the transaction.

Berich is an investment holding company that holds 50% of the issued and paid up capital of Keppel Kazakhstan LLP, an associated company of the Company. An affiliate of the Purchaser is currently the holder of the other 50% of the issued and paid up capital of Keppel Kazakhstan LLP (Keppel Kazakhstan).

The principal activities of Keppel Kazakhstan are the design, engineering and construction of barges, pontoons, pipe racks, modules, and drilling units for the oil and gas industry in the Republic of Kazakhstan.

With the completion of the Sale, Berich and Keppel Kazakhstan will respectively no longer be a subsidiary and an associated company of the Company.

Follow the link for more news on

Keppel Corporation

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia