Keppel Corporation is going to try to take Keppel Land private. This news came shortly after Keppel Corporation declared a generous dividend per share of 36c.
If I were a shareholder of Keppel Corporation's, I would have been elated and, then, worried by the recent string of events.
The following is taken from the comments section of my blog:
When I was asked in the last few months why did I choose to invest in SembCorp Industries instead of Keppel Corporation since both of them are blue chips in the O&M category, I said that I felt better about the former's utilities business in the current environment than the latter's real estate business. Although this latest development involves Keppel Corporation's real estate arm, quite honestly, I could never have seen this form of corporate action coming. I am just a frog in a well, after all......