Keppel unit divests shares in Dyna-Mac for $100m

The subsidiary had 23.91% shares in Dyna-Mac.

KepInvest Holdings, a wholly owned subsidiary of Keppel Ltd., has sold off 23.91% of its shares in Dyna-Mac Holdings for $100m.

Hanwha Ocean Co. Ltd. acquired the majority (21.52%) of the shares from KepInvest Holdings, whilst Hanwha Aerospace Co. Ltd. bought the remaining 2.39%.

“The market value represented by the sale shares as of 9 May 2024 was approximately $90m,” Keppel said.

Keppel said the divestment will not have any material impact on the company’s net tangible assets per share or earnings per share for the current financial year.

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