Firstly, lets take a look at the upcoming financial result date for all the Keppel related corporation.
With this, it also means that dividend / distribution is coming SOON for those who are holding Keppel Reit and Keppel DC Reit.
Keppel Corp dividend payout will be on May 2015.
Secondly, lets follow up on the acquisition of Kepland by Kepcorp. Many might had known by now, the magic number is 95.5%, not 90%, in order to receive the higher tier payout of $4.60 / share.
(I also thought is above 90% for $4.60/share. I was actually a little upset because we only get back $4.38/share whereas I can sell in market for as high as $4.52, baseline to last closing date of 27th March 2015. I think it doesn't make sense for loyal shareholders like me and many)
However good thing is, Kepcorp decided to extend the deadline to 31st March 2015, 530pm. I really hope 95.5% can be achieve.
Baseline to today, 28th March 2015, Kepcorp had achieved 93.4% ownership of Kepland. 2.1% more for 2 days. Possible? I have strong belief in Keppel Corp. Let's see!
Chiong ah!
-Eric Khoo
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