Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/news/keppels-subsidiary-disposes-of-35-stake-in-pv-dril.shtmlKeppel's subsidiary disposes of 35% stake in PV Drilling Overseas Company
Keppel Corporation Limited’s wholly-owned subsidiary, Joy Pride Investments Limited (Joy Pride), has on 22 August 2014 disposed
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Keppel Corporation Limited’s wholly-owned subsidiary, Joy Pride Investments Limited (Joy Pride), has on 22 August 2014 disposed of its 35% shareholding interest in PV Drilling Overseas Company Private Limited (PVDO) to PetroVietnam Drilling and Well Service Corporation and Overseas Drilling Holdings Ltd for US$350. PVDO has ceased to be an associated company of the Company.
Fullerton Fund Management Company Ltd. (Fullerton Fund Management), a subsidiary of the Company’s controlling shareholder, Temasek Holdings (Private) Limited, has a deemed interest in 1,283,004 shares, representing approximately 0.47% of the issued share capital of PetroVietnam Drilling and Well Service Corporation, held in third-party funds managed by Fullerton Fund Management as an investment manager.
