How to sell delisted shares singapore

How to sell delisted shares singapore

Author: Polkan Date: 02.06.2017

Talk is that parent Keppel Corp will absorb the unit and sell its banking, telecom and marine businesses. KEPPEL LAND may be delisted and reabsorbed into its parent, Keppel Corporation, sources say. The realignment of group resources "makes sense", say sources, if market talk is proven right and Keppel Corp's key assets are hived off, leaving nothing more than a shell company with just one core business - property.

Among other things, it is believed to be looking to dispose of its banking, telecom and marine businesses.

What happens to my shares when a company is delisted? - yvajotefihy.web.fc2.com

If it succeeds, it will leave the parent with only its property business, held through listed Keppel Land. Some analysts said yesterday that it would not make sense for Keppel Corp - the listed holding company - to keep Keppel Land listed if it remained the group's only business. Sources in the banking community added weight to the speculated move and said yesterday that the delisting of Keppel Land "was a fair possibility".

Keppel Corp, however, declined to comment when contacted by The Straits Times yesterday.

Keppel Land 'may be delisted' - STProperty

It has been in the news in recent months. It has been speculated widely that it would sell its banking business held by Keppel Capital to OCBC Bank in exchange for the latter's non-financial property assets.

In the telecom sector, it is no secret that Keppel is looking to sell its M1 stake.

I own shares of a company that just received a delisting notice from Nasdaq. Does this mean I will lose my shares?

Shares of Keppel Hitachi closed 28 per cent higher at 50 cents while KepFels climbed eight cents or 9. Keppel Corp told the Singapore Exchange Securities Trading yesterday that it was work from home jobs smyrna tn aware of any how to sell delisted shares singapore development" that could have led to the sharp increase in price and trading volume of both counters.

In its latest annual report, Keppel Corp shed little light on forex mt4 ea forum plans for Keppel Land. Chairman Lim Chee Onn would only say that the group would seek to "unlock" the value of selected assets.

He said How to sell delisted shares singapore Land was considering unlocking the value of its prime office assets - which figure around two million sq ft of net floor office space. Industry watchers say that if Keppel does restructure its various divisions, it would mirror earlier plans by fellow government-linked company NatSteel. The latter had intended to restructure by breaking into two listed entities but had to shelve the plans last June due to a weak stock market.

how to sell delisted shares singapore

Under the original plan, NatSteel's steel and industrial businesses would be transferred to a new mashable make money owned subsidiary. Its remaining businesses, including electronics - now held under listed NEL and NatSteel Broadway - would be transferred to a second wholly owned subsidiary.

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