Keppel Corporation Limited (SG:BN4) has released an update.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
Keppel Corporation is set to take full control of its legacy rigs, currently held by Asset Co, through a strategic capital reduction exercise. This move aims to accelerate the monetization of these assets by managing a new private fund, potentially attracting third-party capital. Keppel, however, remains firm in its decision not to re-enter the offshore market, focusing instead on maximizing returns from its existing assets.
For further insights into SG:BN4 stock, check out TipRanks’ Stock Analysis page.