Baker Technology (568.SG) +1.1% at $0.440 as revised agreement to sell its PPL Holdings unit, which owns 15% of SembMarine’s (S51.SG) PPL Shipyard, deemed likely to succeed. Instead of selling 50.1% stake in PPL to Yangzijiang (BS6.SG), Baker will now sell it to QD Asia Pacific, wholly-owned by Qatari sovereign wealth fund Qatari Diar Real Estate Investment, which supposed to take 45% stake under initial plan unveiled in April, according to Dow Jones.
Baker Tech +1.1%; New PPL deal deemed favourable
written by Editor on September 2nd, 2010 |
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