Keppel Land: Parent Keppel Corp has obtained 90.9% control of its property arm, Keppel Land, and intends to delist the counter at the close of the offer- 5.30pm today.
As the compulsory acquisition threshold (95.5%) has not been reached, the offer price still remains at the base offer of $4.38/share.
Shareholders who want certainty may consider selling their shares in the open market today, to hedge their risks in the event Keppel Corp fails to clear the 95.5% higher price hurdle.
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