<div class=newsTextDataWrapInner><p>SINGAPORE (Dec 30): Keppel Corporation and Keppel Land (Keppel Group) have, through a subsidiary, entered into and completed a share purchase agreement with Mapletree Investments to acquire the remaining 30% interest in Harbourfront One, which holds Keppel Bay Tower, for about $180.9 million.</p></div>

<div class=newsTextDataWrapInner><p>This is part of a share swap transaction with Mapletree that sees the holding companies under the Keppel Group selling to Mapletree their 39% interest in Harbourfront Two, which holds Harbourfront Towers 1 and 2, for around $225.7 million.</p></div>

<div class=newsTextDataWrapInner><p>“The share swap will allow Keppel Group to increase its interest in Keppel Bay Tower from the current 70% to 100%, thus consolidating our full ownership of the building,” says Loh Chin Hua, CEO of Keppel Corp and chairman of Keppel Land.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Keppel Bay Towers and Harbourfront Towers 1 and 2 were jointly developed by Keppel and Mapletree in 2002 as part of the Keppel Bay and Harbourfront development.</p></div>

<div class=newsTextDataWrapInner><p>The transactions are not expected to have any material impact on the net tangible assets per share or earnings per share of Keppel Corp for the current financial year.</p></div>

<div class=newsTextDataWrapInner><p>Shares in Keppel Corp closed 0.31% higher at $6.52.</p></div>

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SINGAPORE (Dec 30): Keppel Corporation and Keppel Land (Keppel Group) have, through a subsidiary, entered into and completed a share purchase agreement with Mapletree Investments to acquire the remaining 30% interest in Harbourfront One, which holds Keppel Bay Tower, for about $180.9 million....

Keppel takes full control of Keppel Bay Tower via share swap with Mapletree

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Leakages and wastage in government subsidies allocated to the people must be effectively addressed through accurate data and information provided by the Department of Statistics Malaysia (DOSM), said Prime Minister Datuk Seri Anwar Ibrahim.

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The Malaysian Anti-Corruption Commission (MACC) has opened an investigation into the investment losses of Khazanah Nasional Bhd and Permodalan Nasional Bhd (PNB) in a local online fashion business.

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U Mobile Sdn Bhd, which has been selected to implement the country’s second 5G network, will reduce its foreign majority shareholding to 20% to ensure greater Malaysian control and invite participation from local investors.

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<p>The Malaysian Anti-Corruption Commission (MACC) has opened an investigation into the investment losses of Khazanah Nasional Bhd and Permodalan Nasional Bhd (PNB) in a local online fashion business.</p>


<p>Prime Minister Datuk Seri Anwar Ibrahim has insisted that he will not block and interfere in the investigation of the National Farmers' Organisation (Nafas) and Khazanah Nasional Bhd by the authorities including the Malaysian Anti-Corruption Commission (MACC).</p>


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<p>Chevron Corp indicated potential US job cuts as part of a new cost-cutting plan.</p>

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<p>Elon Musk was dealt a significant setback in a court fight over his purge of Twitter Inc’s top executives when he took over the company in 2022.</p>


<p>The auditor general has been empowered to conduct audits on the accounts of 1,856 other companies, including the government-linked companies (GLCs) which came into effect on Friday.</p>


<p>About two years ago, in the aftermath of the COVID-19 pandemic, China’s economy hit a roadblock. As all sectors underwent deleveraging, economic growth slowed, household savings rates increased, and businesses scaled back their investments and accumulated savings. Many now wonder whether consumer...

<p>Leakages and wastage in government subsidies allocated to the people must be effectively addressed through accurate data and information provided by the Department of Statistics Malaysia (DOSM), said Prime Minister Datuk Seri Anwar Ibrahim.</p>


<p>Kamala Harris has made freedom a central theme of her campaign. Under the heading“Safeguard our fundamental freedoms,” her website explains that: “Vice President Harris’s fight for our future is also a fight for freedom. In this election, many fundamental freedoms are at stake: the freedom to mak...