Keppel Philippines Properties controlling shareholders sell out

MANILA, Philippines — Majority shareholders of Keppel Philippines Properties Inc. have signed an agreement to sell their combined 86.83-percent stake in the listed firm to Forward Synergy Group Inc. In a disclosure on Friday, the company said it was informed by Keppel Ltd., Keppel Management Ltd., Molten Pte. Ltd. and KEPwealth Inc. — collectively referred to as the sellers — that they had signed the deal with Forward Synergy Group Inc. on Feb. 12. The sellers agreed to sell the shares for an aggregate cash consideration of P472.7 million, equivalent to P1.8526 per share. READ: BDO takes full control of Podium […]... Keep on reading: Keppel Philippines Properties controlling shareholders sell out