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Singapore's Keppel Land exits Sri Lanka venture

Feb 26, 2016 17:15 PM GMT+0530 | 1 Comment(s)

ECONMYNEXT - Singapore-based Keppel Land Plc said it had exited a joint venture with Sri Lanka Ceylon Theatres group for 550 million rupees.

The firm said in a Singapore stock exchange filing that it's wholly owned unit Edmonton Pte Ltd, to divest a 60 percent stake in Keppel CT Developments (Pte) Ltd, a joint venture that was to build a condominium in Colombo.

The sale was disclosed despite it not being a material impact on profits or earnings.
 


 

1 Comments

  1. Investor February 26, 09:36 AM

    See the immediate disclosure by the Singapore company. Where else the local company haven't made any disclosure. CSE should take note of these.High time we raise the bar...

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