KepCorp fails to breach mandatory acquisition threshold, extends closing date for KepLand

It now owns 85.1% of KepLand.

Keppel Corp has extended the closing date for its $3.2b KepLand privatisation bid after failing to breach the 90% mandatory acquisition threshold.

In a disclosure to the SGX yesterday, KepCorp revealed that it now owns 85.1% of KepLand.

The offer was supposed to have closed at 5:30 pm yesterday, March 12, but KepCorp has extended the offer by two weeks to until 5:30 pm on March 26.

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