Keppel Corporation Wins Key Legal Battle in Jakarta

Tip Ranks
2024.11.07 10:18
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Keppel Corporation Limited (SG:BN4) announced a favorable legal outcome as the High Court of DKI Jakarta dismissed a lawsuit against its subsidiary, PT Kepland Investama, regarding land ownership. The court ordered the claimant to cover court costs, positively impacting Keppel’s operations in the region.

Keppel Corporation Limited (SG:BN4) has released an update.

Keppel Corporation Limited announced a favorable legal outcome as the High Court of DKI Jakarta upheld a previous decision, dismissing a lawsuit against its subsidiary, PT Kepland Investama, regarding land ownership in Jakarta. The court also ordered the claimant to cover the court costs, marking a positive development for Keppel’s operations in the region.

For further insights into SG:BN4 stock, check out TipRanks’ Stock Analysis page.

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