Keppel to divest 35% stake from Chengdu residential development for $94 mil
Keppel Corporation has announced the divestment of its 35% stake in Chengdu Taixin Real Estate Development Co., Ltd. to Vanke (Chengdu) Enterprise Co., Ltd. The agreement entailed a cash consideration of around $94 million, made in a single tranche and no later than October 31. The consideration took into account Chengdu Taixin’s net asset value […]