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Keppel divests 42% stake in Palm City in Vietnam for $92.1 mil

keppel-divests-42%-stake-in-palm-city-in-vietnam-for-$92.1-mil

Keppel, through its real estate division, has divested its 42% stake in South Rach Chiec City (SRC) to Vietnamese real estate company Gateway Thu Thiem Joint Stock Company (GWTT). According to an April 1 release, the transaction has resulted in total cash proceeds of VND2.612 billion ($141.4 million). South Rach Chiec City is the developer […]