Keppel and Seatrium end share arrangement

Following this development, Keppel said it no longer has liability.

Keppel Ltd. and Seatrium Limited have agreed to terminate their segregated account arrangement.

In a bourse filing, Keppel said this arrangement with Seatrium is pursuant to the combination of the latter and Keppel Offshore & Marine Ltd which was completed on 28 February 2023. The arrangement addressed potential liabilities Seatrium had against Keppel related to the combination.

“The company wishes to update shareholders that the company has no further liability in respect of the identified contingent liabilities, and that the company and Seatrium have agreed that the segregated account arrangement shall terminate,” Keppel said.

As at 31 December 2024, the cash balance in the segregated account amounted to approximately over $274.75m and the number of remaining retained consideration shares was 68,600,000.

Keppel does not expect the termination of the segregated account arrangement to have a material impact on its net tangible assets per share or its earnings per share of the for the current financial year.

Follow the link for more news on

Keppel Limited

A NOTE FROM SINGAPORE BUSINESS REVIEW

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