Stock Track | Keppel Soars 3.10% Intraday on Regulatory Approval for Stake Sale

Stock Track

06/15

Keppel's stock price surged 3.10% during Monday's intraday trading session, reflecting a significant positive movement.

The rally followed the announcement that Keppel Infrastructure Trust secured key regulatory approval from the Energy Market Authority of Singapore for its acquisition of an additional 39% stake in Keppel Merlimau Cogen from Keppel. The transaction, valued at approximately SG$128.1 million, is expected to provide a substantial cash inflow to Keppel, likely improving its financial position and prompting positive investor sentiment.

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