KEPPEL Philippines Properties, Inc. (KPPI) said Friday that parent shareholders had a share purchase agreement effectively transferring entire control of the company to Forward Synergy Group, Inc.
In a disclosure, the company said Singapore conglomerate Keppel Ltd. and affiliates Keppel Management Ltd., Molten Pte. Ltd. and Kepwealth Inc. agreed to sell their collective 86.83-percent interest in Keppel Philippines’s outstanding capital stock for about P472.7 million, equivalent to P1.8526 per share.
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