Keppel Corporation Limited (SG:BN4) has released an update.
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Keppel Corporation has made notable strides in its transformation to an asset-light, global asset manager, with a 14% year-on-year increase in recurring income for the first nine months of 2024. The company achieved S$730 million in divestments, contributing to a total of S$6.1 billion since 2020, and saw a significant rise in asset management fees by 68% year-on-year. Keppel continues to attract strong investor interest in its new funds, aiming to close several by the end of the year.
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