Keppel Corporation Limited ( (SG:BN4) ) has issued an announcement.
Keppel Corporation Limited’s subsidiary, PT. Kepland Investama, is facing a civil lawsuit in Jakarta over land ownership claims by an individual, Tumpal Hutabarat. The dispute involves land plots where the International Financial Centre Jakarta Tower 2 is located. PT. Kepland, which holds land certificates from 2000, denies the claims and plans to dismiss the lawsuit, citing legal opinions that the claimant’s documents are not valid proof of ownership under Indonesian law.
More about Keppel Corporation Limited
Keppel Corporation Limited is a diversified company based in Singapore, operating in various sectors including property, infrastructure, and asset management. It is known for its real estate developments and investments, particularly in urbanization projects across Asia.
YTD Price Performance: -2.63%
Average Trading Volume: 2,941,659
Technical Sentiment Consensus Rating: Sell
Current Market Cap: S$11.67B
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