Keppel Corp acquires 4% interest in Kingsdale Development for $8.41m

The company currently holds 86% of the issued share capital in Kingsdale.

Keppel Corp, through its wholly-owned subsidiary, is acquiring an additional 4% interest in Kingsdale Development Pte Ltd (KDPL) from Prime Growth Investments Limited for $8.41m.

KDPL has an 80% stake in Spring City Golf & Lake Resort, a golf resort located in Kunming, China.

ALSO READ: Earnings of prime retail malls will take longer to reach 2019 levels: Fitch

Keppel, through its various subsidiaries, owns a total of 86% of the issued share capital of KDPL. Prime and another third-party company hold 4% and 10%, respectively.

The sale is expected to be completed in the fourth quarter of 2022, bringing Keppel’s interest in KDPL up to 90%

Keppel said the acquisition is not expected to have any material impact on the net tangible assets per share or earnings per share of the company for the current financial year.

Follow the link for more news on

Keppel Corporation

Keppel acquisition

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. 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