Keppel Land acquires an additional 11.85% stake in Ocean Properties Pte. Limited - 8 NOV 2010

Keppel Land acquires an additional 11.85% stake in Ocean Properties Pte. Limited.

• Press Release

Key Points

• Keppel Land's wholly-owned subsidiary, Straits Property Investments Pte Ltd, has acquired an additional 11.85% stake in Ocean Properties Pte. Limited (“OPPL”), from an existing shareholder of OPPL, namely The Hongkong and Shanghai Banking Corporation Limited. 
• Prior to the Acquisition, the Company held a 75.66% stake in OPPL.
• OPPL, a company incorporated in Singapore, is the developer and owner of Ocean Financial Centre.