Temasek Terminates $3 Billion Bid for Keppel After Lousy Financial Results
Posted on 08/10/2020
Singapore’s rig-building sector has been impacted by a period of low oil prices that was made worse by the coronavirus (COVID-19) pandemic. Singapore’s Temasek Holdings is ending its S$ 4 billion conditional offer to acquire Keppel Corporation, citing a material adverse change clause following the company’s poor financial results. The massive second quarter loss breached […]
