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Fri, Nov 02, 2018 – 8:01 AM
KEPPEL Land's indirect subsidiary Ibeworth has converted 49 percent of its 500 billion Vietnamese Dong (S $ 29.5 million) convertible bonds issued by developer Nam Long Investment Corporation (NLG) into shares of NLG, at a price of 18,142 dong per share.
Following this, Keppel Corporation now owns, through Ibeworth, some 10 per cent of the total enlarged number of pre-converted equity shares of the NLG.
Shares of NLG are listed on the Ho Chi Minh Stock Exchange.
Keppel Corp closed on Thursday at S $ 6.250, up from S $ 0.05 or 0.8 per cent.
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