Keppel share price has been badly battered down lately. The share price need a boost and it came from a news from Keppel’s CEO last night, that billions of dollars of assets could potentially be monetized over coming years.
Source: CNA excerpts: “SINGAPORE: Singaporean conglomerate Keppel Corp said on Tuesday (Sep 29) it had identified assets worth S$17.5 billion that could potentially be monetised, including through sales, and started a review of its loss making offshore and marine (O&M) business.
The plans unveiled on Tuesday are part of Keppel's 10-year strategy that it had flagged earlier this year to refocus its portfolio to energy and environment, urban development, connectivity and asset management. Keppel said it was exploring options including strategic mergers and disposals for its offshore and marine business, which builds oil rigs and has been battered by falling energy prices.”
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