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Keppel to divest 35% stake from Chengdu residential development for $94 mil

October 6, 2023 /0 Comments/in Misc /by tampinesmixcondo

Keppel Corporation is set to divest its 35% stake in Chengdu Taixin Real Estate Development Co., Ltd. to Vanke (Chengdu) Enterprise Co., Ltd. The consideration for Keppel’s stake will be made in the form of a cash payment of RMB504 million ($94 million) no later than Oct 31. Developers expect the future of Tampines Ave […]