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Home Icon > About Us > News > Temasek Unit Scraps $3 Billion Bid for Keppel

Temasek Unit Scraps $3 Billion Bid for Keppel

By Krystal Chia (Bloomberg) — Kyanite Investment Holdings, a unit of Singapore state-backed investor Temasek Holdings Pte, scrapped its bid to take control of Keppel Corp. after the oil-rig builder posted a second-quarter loss. Kyanite invoked a clause allowing it to withdraw the offer after the quarterly loss failed to meet pre-conditions of the bid, […]

WP_Post Object ( [ID] => 228919 [post_author] => 21 [post_date] => 2020-08-10 14:37:46 [post_date_gmt] => 2020-08-10 14:37:46 [post_content] => keppel shipyardBy Krystal Chia (Bloomberg) — Kyanite Investment Holdings, a unit of Singapore state-backed investor Temasek Holdings Pte, scrapped its bid to take control of Keppel Corp. after the oil-rig builder posted a second-quarter loss. Kyanite invoked a clause allowing it to withdraw the offer after the quarterly loss failed to meet pre-conditions of the bid, […] [post_title] => Temasek Unit Scraps $3 Billion Bid for Keppel [post_excerpt] => By Krystal Chia (Bloomberg) — Kyanite Investment Holdings, a unit of Singapore state-backed investor Temasek Holdings Pte, scrapped its bid to take control of Keppel Corp. after the oil-rig builder posted a second-quarter loss. Kyanite invoked a ... [post_status] => publish [comment_status] => open [ping_status] => closed [post_password] => [post_name] => temasek-unit-scraps-3-billion-bid-for-keppel [to_ping] => [pinged] => [post_modified] => 2020-08-10 14:37:46 [post_modified_gmt] => 2020-08-10 14:37:46 [post_content_filtered] => [post_parent] => 0 [guid] => https://gcaptain.com/?p=141640 [menu_order] => 0 [post_type] => news [post_mime_type] => [comment_count] => 0 [filter] => raw )