19 Mar 2017

Acquisition of shares in joint venture entities for Saigon Centre in Ho Chi Minh City, Vietnam

Brian Ng and Nur Rauda Mohamed Said have acted for Keppel Land Limited ("KLL"), who is listed on the Mainboard of the SGX-ST, in the acquisition by a subsidiary of KLL of an additional 16% stake from Southern Waterborne Transport Corporation, in five joint venture entities established for the development of Saigon Centre in Ho Chi Minh City, Vietnam. The total consideration for this acquisition is 845.9 billion Vietnamese Dong (approximately S$53.5 million), satisfied fully in cash.