Kepwealth Crosses Tendered Shares for Keppel Philippines Delisting
Kepwealth's tender offer for all outstanding shares of Keppel Philippines closed on June 11, according to a Friday Philippine bourse filing.A total of 5.4 million shares, representing about 9.48% of Keppel Philippines's total outstanding shares, were validly tendered and accepted.The shares were crossed via a special block sale on the Philippine Stock Exchange on June 18.Upon settlement on Friday, Kepwealth will beneficially own 56.9 million shares, or about 99.34% of Keppel Philippines, making way for the company's voluntary delisting.