Keppel Corp launches bid to take Keppel Land private
Keppel Corp, the world's largest maker of offshore oil rigs, currently owns 54.6 per cent of Kepland, a major Singapore property developer.
SINGAPORE: Keppel Corporation on Friday (Jan 23) launched a voluntary unconditional cash offer for all the remaining shares of subsidiary Keppel Land in a deal that values its property arm at S$7.1 billion.
Keppel Corp, the world's largest maker of offshore oil rigs, currently owns 54.6 per cent of Kepland, a major Singapore property developer.
Keppel Corp said it is offering a base offer price of S$4.38 for each Keppel Land share. A higher offer price of S$4.60 per share will be paid if Keppel Corp is entitled to exercise its rights of compulsory acquisition.
Explaining the rationale for the offer, Keppel Corp CEO Loh Chin Hua said Keppel Corp wants to be a strong conglomerate with sizeable contributions from its three core businesses. "This is a sound and well-timed investment in a business which has been integral to Keppel Corp and is in core markets like Singapore, China, Indonesia and Vietnam - where we hold a long-term positive view," he added.
Kepland shares were last traded at S$3.65.
- CNA/ac
- wong chee tat :)
Showing posts with label Keppel Corporation. Show all posts
Showing posts with label Keppel Corporation. Show all posts
Friday, January 23, 2015
Wednesday, December 24, 2014
Singaporeans would like to work in Google, Shell: Survey
Singaporeans would like to work in Google, Shell: Survey
Singapore Airlines, Exxon Mobil and Keppel Corporation round out JobStreet.com's list of Singaporeans most preferred company to work for. Survey also reveals company reputation as main reason that candidates want to work for these companies.
- CNA
- wong chee tat :)
Singapore Airlines, Exxon Mobil and Keppel Corporation round out JobStreet.com's list of Singaporeans most preferred company to work for. Survey also reveals company reputation as main reason that candidates want to work for these companies.
SINGAPORE: Google and Shell have emerged tops in the list of companies that most Singaporeans want to work for, according to a survey by an online recruitment agency. Singapore Airlines, Exxon Mobil and Keppel Corporation rounded out the top five.
In a website post on Wednesday (Dec 24), the agency, JobStreet.com, said that according to the survey the main reason Singaporeans want to work for these companies is due to the company's reputation. Across all position levels, company reputation superseded salary as the main reason, while benefits and incentives - such as flexible working hours and work-from-home arrangements - came in second. Salary was ranked third.
Training and development came in fourth, with candidates hoping to enhance their work skills to improve their career prospects. Internal promotion and career growth, identified as important for candidates to stay and grow in a company, came in fifth.
A total of 940 employers across various industries participated in this survey held in September this year, said the online recruitment company.
- CNA
- wong chee tat :)
Saturday, June 8, 2013
Saturday, April 9, 2011
Keppel Corp's CEO paid between S$8m and S$8.25m last year
Keppel Corp's CEO paid between S$8m and S$8.25m last year
By Lois Calderon | Posted: 06 April 2011 2316 hrs
SINGAPORE : The chief executive officer of Keppel Corporation, Choo Chiau Beng, took home a pay package of between S$8 million and S$8.25 million last year.
This is compared to his previous year's pay of between S$11.5 million and S$11.75 million, which at the time included share options that accounted for 11 per cent of his total remuneration mix.
Mr Choo, who has been at the helm of the world's largest oil-rig builder since 2009, had his remuneration last year consisting of 14 per cent in salary, 44 per cent in bonuses paid and 42 per cent in deferred bonuses.
On top of that, Mr Choo was entitled to up to 300,000 company shares valued at S$7.08 each and another 150,000 shares worth between S$7.72 and S$8.30 apiece in 2010.
For the deferred bonuses, the company said it has adopted an incentive compensation that is deferred over a certain time horizon to ensure its executives continue to generate sustainable shareholder value over the longer term. It also awards shares based on performance targets over a one- to three-year period.
In its annual report, the conglomerate said it grew its bottom line by 12 per cent to S$1.4 billion last year from 2009's S$1.26 billion.
The company's chairman, Lee Boon Yang, noted the gains came as a surprise "given the tentative recovery at the start of 2010 as well as the unexpected events in our industries and markets in the course of the year," referring to the massive oil spill in Gulf of Mexico and property market cooling measures implemented by Singapore and China.
He expects "the external environment for 2011 will be more complex".
"Although recovery in the advanced economies seems to be gaining momentum, the outlook remains challenging and somewhat clouded over the next few years," Mr Lee added.
- CNA/ms
- wong chee tat :)
By Lois Calderon | Posted: 06 April 2011 2316 hrs
SINGAPORE : The chief executive officer of Keppel Corporation, Choo Chiau Beng, took home a pay package of between S$8 million and S$8.25 million last year.
This is compared to his previous year's pay of between S$11.5 million and S$11.75 million, which at the time included share options that accounted for 11 per cent of his total remuneration mix.
Mr Choo, who has been at the helm of the world's largest oil-rig builder since 2009, had his remuneration last year consisting of 14 per cent in salary, 44 per cent in bonuses paid and 42 per cent in deferred bonuses.
On top of that, Mr Choo was entitled to up to 300,000 company shares valued at S$7.08 each and another 150,000 shares worth between S$7.72 and S$8.30 apiece in 2010.
For the deferred bonuses, the company said it has adopted an incentive compensation that is deferred over a certain time horizon to ensure its executives continue to generate sustainable shareholder value over the longer term. It also awards shares based on performance targets over a one- to three-year period.
In its annual report, the conglomerate said it grew its bottom line by 12 per cent to S$1.4 billion last year from 2009's S$1.26 billion.
The company's chairman, Lee Boon Yang, noted the gains came as a surprise "given the tentative recovery at the start of 2010 as well as the unexpected events in our industries and markets in the course of the year," referring to the massive oil spill in Gulf of Mexico and property market cooling measures implemented by Singapore and China.
He expects "the external environment for 2011 will be more complex".
"Although recovery in the advanced economies seems to be gaining momentum, the outlook remains challenging and somewhat clouded over the next few years," Mr Lee added.
- CNA/ms
- wong chee tat :)
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