Keppel Capital, the group’s asset management arm, raised a total of S$3.5 billion in equity last year, bringing its assets under management up 14% year on year to S$42 billion as of end-2021.
The capital released will be used to fund organic and inorganic growth initiatives, with part of it set aside to reward shareholders. Shares repurchased will be held as treasury shares that may be used for employee share plans or as currency for future acquisitions.Based on its latest report, Keppel has successfully engineered a turnaround in its fortunes.
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