Temasek Drops Plan to Buy Keppel Stake

Singapore's Temasek Holdings is terminating its SDG4.1billion offer to buy the controlling stake in conglomerate Keppel Corp, after Keppel reported a large second-quarter loss that breached a threshold in the state investor's offer to buy control of the company.

Temasek earlier had said it would make a decision by Aug 31.

- APMR News