Keppel's Unit KSI Completes Acquisition of 10% Stake in Golar Hilli

Keppel Corporation Limited referred Saturday to its earlier announcement that KSI Production Pte Ltd (KSI), an indirect wholly-owned subsidiary of the Company, has on Sept. 4 entered into a sale and purchase agreement to acquire 50 ordinary shares (Acquired Shares), representing 10 percent shareholding interest in the total registered issued share capital of Golar Hilli Corporation (Golar Hilli) from Golar GHK Lessors Limited (Golar GHK) at a consideration of $1 per Acquired Share (the Acquisition).

Unless otherwise specified, all capitalized terms shall have the same meaning ascribed to them in the announcement dated Sept. 5 in relation to the acquisition of 10 percent interest in Golar Hilli Corporation (the Announcement).

Further to the Announcement, Keppel Corporation Limited (the Company) wishes to announce that the Acquisition has been completed Sept. 12.

The Acquisition is not expected to have any material impact on the net tangible assets and earnings per share of the Company for the current financial year.

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Commercial Director - Terminals
Expertise: Business Development
Location: South Carolina, 
 
Senior Engineer New Rule Implementation
Expertise: Engineering Manager|Environmental Engineer
Location: Deer Park
 
Senior Legal Counsel - Houston, TX
Expertise: Legal
Location: Houston-EP Center Americas, United States, 
 
search for more jobs

Brent Crude Oil : $54.46/BBL 0.96%
Light Crude Oil : $51.68/BBL 1.21%
Natural Gas : $3.44/MMBtu 1.99%
Updated in last 24 hours