Asia Digest: Keppel divests Chengdu Shengshi stake; mm2 gets bid for Cathay cinema unit

A Keppel unit has divested its stake in Chengdu Shengshi for $242 million while SGX-listed media company mm2 Asia has got an offer for Cathay cinema business from Kingsmead Properties.

Keppel unit divests stake in Chengdu Shengshi Jingwei Real Estate

Keppel Land China Limited, through its subsidiary, Hillwest Pte Ltd, is divesting its equity interest in Chengdu Shengshi Jingwei Real Estate to units of China Vanke Co, Ltd for approximately 1.561 billion yuan ($242 million), per a press statement.

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