Keppel Corporation Limited's wholly-owned subsidiary, FELS Offshore
Pte Ltd, has entered into a sale and purchase agreement with
KazStroyService Global Engineering B.V. for the sale of 2 shares,
representing 100% of the issued and paid up capital of Berich
Enterprises Limited, an indirect wholly-owned subsidiary of the Company,
at a consideration of US$16,250,000 per share. Berich is an investment
holding company that holds 50% of the issued and paid up capital of
Keppel Kazakhstan LLP, an associated company of the Company. The
principal activities of Keppel Kazakhstan are the design, engineering
and construction of barges, pontoons, pipe racks, modules, and drilling
units for the oil and gas industry in the Republic of Kazakhstan. The
aggregate cash consideration is US$32,500,000.
I am 61 yrs old uncle living in HDB heartland who has achieved financial independence @ 56 and retired @ 60 from full-time job as employee.
Single household income since 1995 with three children. Eldest son and daughter are now working and youngest son still in his 2nd year uni in SUTD.
I have been doing long-term investing and short-term trading in Singapore stock market only since Jan 2000 so I am that Panda or Koala in the investment world; but I am still surviving well in the wild.
I am now executing my Three Taps solution model to maintain sustainable retirement income for life till 2038.
Last updated: 3 Sep 2017
Disclaimer: Stock trading involves significant risks. Create Wealth trader is not a licensed Investment Adviser and will not be responsible for any losses which you incurred. You are advised to always do your own homework before making any trading decision.