197 views
Logo from Keppel Corporation

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. 

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

ION Orchard marks 15 years as a premier retail destination
The mall is proactive in conducting surveys to identify trends and optimise its tenant mix.
Retail
ION Orchard leads charge in sustainable takeaway practices
 Shoppers will enjoy discounts when they opt for a reusable mug or food container from Muuse.