SINGAPORE - Keppel Corporation disclosed on Thursday (Jan 29) that BlackRock Inc, an associate of Keppel Corp, now holds some 48.05 million shares in Keppel Land.
Its holding represents about 3.1 per cent of the total issued shares in Keppel Land as at Jan 28, 2015, Keppel Corp said.
BlackRock is an associate of Keppel Corp by virtue of the fact that it holds 5 per cent or more of Keppel Corp shares. As such, BlackRock is required to disclose its dealings in shares during the offer period.
Keppel Corp last Friday launched an offer to acquire all the issued ordinary shares in Keppel Land and take it private.