Global asset manager BlackRock has become a substantial shareholder of Singapore-bassed conglomerate Keppel Corporation by increasing its stake from 4.99% to 5%, according to a bourse filing dated November 22.
BlackRock acquired 87,600 shares of SGX-listed Keppel for about S$7.43 per share translating to a total deal value of S$650,552 (US$472,168).
