Others

Masters of the SEAS: KEPPEL, SCI, SEATRIUM, YZJSB

You know, last year I been hinting about another mega deal to come, but because I hate drinking coffee with Mr Lim, I cannot say much......But since this is now all over the coffee shops, I decided to let go a bit although I don' t know much about the details, but then again, who knows?

In reading, it is important to note that Mr Lawrence Wong, in most of his speeches and messages to businesses, kept on harping on the word GLOBAL now if you refer back to what are noted in most analysis on the future direction of Temasek-linked companies, like DBS, SingTel, Keppel, Sembcorp, the emphasis has always been such........ going GLOBAL. So how do we go GLOBAL? For one, by going or growing big of course......Have fun fantasising........

=========

A possible scenario? A CapitaLand and Mapletree marriage with Keppel as the best man

It is VERY possible for Keppel Ltd to divest or monetize its real estate assets (managed by Keppel Land) to a merged entity of CapitaLand Investment (CLI) and Mapletree. Such a transaction would align with Keppel' s strategy to become an asset-light global asset manager and its ongoing asset monetization program.

Strategic Alignment
Keppel' s core strategy is to be a GLOBAL asset manager and operator, focusing on a capital-light model and growing recurring income. As part of this, the company has explicitly identified much of its existing property-related holdings, including residential land banks and certain development/investment properties, as part of a " Non-Core Portfolio for Divestment" .

Keppel is actively working to sell these non-core assets to free up capital for reinvestment into its core areas (infrastructure, data centers, etc.) and to reward shareholders. They have a dedicated task force to accelerate these divestments and have already monetized billions in assets since 2020.

Potential Transaction
A merged CLI and Mapletree would create an Asia-Pacific real estate behemoth with over US$150 billion in AUM, also backed by Temasek. But is this big enough? To be bigger, it needs to acquire more. But from where, from who?

Ahhh, that' s where another of Temasek' s children come in&hellip &hellip

Buyer' s Interest: An enlarged CLI-Mapletree entity would likely be interested in acquiring high-quality real estate assets, especially those in key Asian markets like Singapore, China, and Vietnam, where Keppel Land has a significant presence. This would further consolidate Temasek' s real estate holdings and create scale.
Seller' s Interest: Selling a large portfolio of real estate assets to a single, motivated buyer (backed by the same parent, Temasek) would be an efficient way for Keppel to meet its asset monetization targets, which currently stand at a goal of S$10 billion to S$12 billion by the end of 2026.
Precedent: Temasek previously orchestrated the Keppel O& M and Sembcorp Marine merger as a way to consolidate overlapping businesses and unlock value, setting a precedent for potential further consolidation in other sectors, including real estate.

Temasek' s Restructuring and Timeline
Both the potential CapitaLand Investment (CLI) and Mapletree merger and the ongoing Keppel asset divestment program are occurring within the context of Temasek' s broader, multi-year strategic restructuring exercise to consolidate holdings and create more competitive GLOBAL entities.

Temasek announced a major internal reorganisation in August 2025, which will take formal effect on April 1, 2026. The goal is to position the firm for a new GLOBAL environment by splitting its portfolio management into three distinct entities (Remember I had written so many times already, until I can now remember by heart):

Temasek Global Investments (TGI): Focuses on global direct investments.
Temasek Singapore (TSG): Manages Singapore-based portfolio companies (TPCs) to make them globally competitive.
Temasek Partnership Solutions (TPS): Manages funds and asset management companies, including Seviora Holdings.

The corporate actions of CLI, Mapletree and Keppel, mentioned are part of the ongoing execution of this strategy within the current timeframe.

Key Events Occurring During This Period (2025-2026)

CLI-Mapletree Merger Speculation: News of a potential merger between CLI and Mapletree emerged in November 2025 (but already speculated and mentioned here by the gangsters, long before the Bloomberg report you can go read yourself). This is widely seen as a direct alignment with Temasek' s goal of creating a stronger, GLOBALLY competitive real estate giant with over US$150 billion in AUM. Initial preparations for a potential deal could start as early as 2026.
Keppel' s Asset Monetisation: Keppel has an active asset monetisation program and is on track to meet its target of S$10 billion to S$12 billion by the end of 2026. In his 2026 New Year message, Keppel CEO Loh Chin Hua hinted the company will well surpass that. Still not convinced, he could be including the pending monetisation of KL' s assets? The divestment of real estate assets from Keppel Land to a merged CLI-Mapletree entity would be a highly probable and efficient outcome of this exercise, as it helps Keppel become asset-light and consolidates Temasek' s real estate holdings into a single, specialized entity. It makes no sense for Keppel to divest its real estate assets to a non-Temasek entity who may be a competitive rival. Another reason on why Keppel has withheld this major divestment for so long although it has already monetised some real estate assets in the first 9 months of 2025, and STOPPED after Temasek' s announcement of its restructuring plans&hellip &hellip . Got it, so far?

Therefore, in affirmed conclusion, these significant M& A and divestment activities are all interconnected parts of a coordinated, overarching strategy driven by Temasek within the specified timeframe. And therefore again, a deal of this nature is not only possible but aligns with the stated strategic objectives of all three entities and their common majority shareholder, Temasek.

UNBELIEVABLE story again, right? But believe or unbelievers really up to you..... you should know that the gangsters do not have a 9-5 day job, so every day they got nothing better to do , but to any how think of unbelievable stories to tell........

Since got interest, I shall post additional notes on key points regarding Sembcorp Industries and the regional energy transition and its game-changing possible developments going forward........ I actually have a very interesting, but truly unbelieveable story to tell on KEPPEL, so unbelieveable, probably it' s the most unbelievable story of the year, and today is only first day of 2026..... so you can imagine how, tokkong the news, if truly happened, is going to be..... but I will wait to get at least 200 views first for this post, before I post it...... less than 200, means theres very little interest on this..... now is post number 51980 as I' m posting this.......

=========

Sembcorp Industries: Strategic Overview and Regional Leadership

Sembcorp Industries is strategically positioned as a leader in sustainable energy and urban solutions within the context of Singapore' s national goals and the broader ASEAN energy transition.

Company Strategy & Performance:

Strategic Repositioning: Sembcorp has successfully transitioned its core business to focus on energy and urban solutions, with a strong emphasis on sustainability and renewable energy, moving away from its former rig-building operations.
Aggressive Renewable Targets: Sembcorp has updated its " brown-to-green" transformation targets, aiming to increase its gross installed renewables capacity to 25GW by 2028, up from approximately 20.2GW (including projects under construction) in late 2025.
ESG Recognition: Sembcorp' s strong performance in environmental, social, and governance (ESG) areas was recognized by its debut inclusion in the Dow Jones Sustainability Asia Pacific Index.
Decarbonization Trajectory: Sembcorp' s majority shareholder, Temasek, has highlighted the company' s strong decarbonization efforts, which are fully aligned with Singapore' s national net-zero aspirations for 2050.
Strategic Review & Expansion: Sembcorp is currently undertaking a major strategic review to optimize shareholder value, leading to market speculation regarding potential privatization or asset sales. Concurrently, it is expanding its GLOBAL portfolio, notably with the acquisition of Alinta Energy in Australia.
Capital Recycling Strategy: To fund its S$10.5 billion investment plan for renewables through 2028, Sembcorp is actively " recycling" capital, which includes the potential sale or securitization of mature renewable assets in India and other markets.

Role in Singapore and ASEAN Energy Transition:

Singapore Green Plan 2030: Sembcorp is a key private-sector member of the Singapore Green Plan 2030, a whole-of-nation initiative for national sustainable development.
Integrated Power Grid Development: Sembcorp will benefit vastly through Singapore and its ASEAN neighbors collaborating to build an integrated regional power grid to facilitate cross-border clean energy trade.
Potential Nuclear Program Lead: Sembcorp is considered the likely candidate to run a potential national nuclear energy program due to its extensive experience in managing a diverse range of power generation assets (including its stake in Senoko Energy). Nuclear power is viewed as a vital low-carbon baseload power source to support national goals.
Sustainable Industrialization: Sembcorp is driving the transition to sustainable industrialization across Asia by developing industrial parks where sustainability is integrated from the outset.

Regional Market and Technology Trends:

Energy Storage Systems (ESS) Focus: ESS and batteries are identified as critical infrastructure for grid resilience as intermittent renewable energy sources (like solar) are integrated. The ASEAN region faces a significant investment need, estimated at $21 billion annually from 2026&ndash 2030, to upgrade its grids.
Solar Energy Boom: Southeast Asia is poised for a significant increase in solar energy adoption due to a global surplus of affordable photovoltaic panels, necessitating parallel investments in energy storage to manage grid stability.
Green Hydrogen Economy: Singapore, Japan, and China are leading the charge in developing a green hydrogen economy. Sembcorp is actively involved, with projects in Singapore and abroad aimed at establishing commercial-scale low-carbon supply chains and enhancing energy security.
Nuclear Financing Challenges: While nuclear power offers low-carbon baseload potential for Southeast Asia, its adoption requires innovative financing frameworks that go beyond conventional sustainable finance models to be viable in the region.

Impact of Temasek' s 2026 Restructuring

Managed by Temasek Singapore (TSG): Sembcorp is now part of Temasek Singapore (TSG), a unit focuses on actively managing Temasek' s core Singapore-based " stalwarts" to make them globally competitive while keeping them rooted in Singapore.
Sharpened Strategic Focus: Being part of a dedicated Singapore-centric unit allows for more tailored capital allocation strategies. This could potentially make Sembcorp " bigger" by providing a more direct path to funding for massive regional projects like the ASEAN Power Grid or large-scale hydrogen imports.
Potential Privatization/Value Unlocking: Market speculation regarding a potential privatization or strategic asset sale persists as Temasek seeks to enhance shareholder returns across its " OneTemasek" portfolio. The restructuring provides a clearer framework for such " value-unlocking" exercises, similar to the 2020 Sembcorp-Sembcorp Marine demerger.
Decarbonization Responsibility: Sembcorp remains one of the " big five" companies responsible for over 80% of Temasek' s portfolio emissions. Under the new 2026 structure, there is increased pressure and support from Temasek to accelerate the decommissioning of remaining carbon-intensive assets and the scaling of low-carbon solutions.

Impressive writeup, must have taken hours of effort to compile and list down.

If it can reach $10 in 2026, it will be truly unbelievable

aragosta ( Date: 30-Dec-2025 21:37) Posted:

THIS POST IS UNBELIEVABLY LONG, ONLY BECAUSE IT IS EXACTLY WHAT IT IS..... UNBELIEVABLE!

As promised, here is the list of Sembcorp' s projects wins, partnerships, businesses etc over the just the past three years..../if I do a five or six years lists, I think many of you will end up in icu, after going half way thru them.... ..... now, ask yourself, 15 -18years ago, did Sembcorp have this kind of businesses when its price was about today' s price?... of course, don' t have la...... don' t forget, many of the projects are beginning to bear fruits, or already in harvest mode, you have to understand why there have been very strong black markets hidden interests in it for so long.......but we havenot done with this... not only the list is not complete (only 3 years), but we haven' t talk about the tokkong GAME CHANGING possible developments, that might happen, like the nuclear energy link, its divestments of Indian assets, the spinoff consideration, the green plan involvement, the apple of the eye in Temasek restructuring, its own restructuring with consideration of a potential privatisation, the advent of global solar boom and decarbonization push, potential M& A with part of Keppel' s business, .... andso much more..... any way, talk is no use, juz watch from now on.......

-=========
Sembcorp Industries has focused its post-2020 strategy on a " brown to green" transformation, securing numerous contracts, particularly in the renewable energy and integrated urban solutions sectors, to build a balanced energy portfolio with a current gross renewable capacity of over 19 GW.
Since 2020, Sembcorp has secured various contracts and engaged in strategic collaborations to advance its " brown to green" transformation.
Besides securing major contracts & projects, Sembcorp has entered into various collaborations, partnerships and JVs and made significant investments. Are you ready to be impressed by its list of businesses?

Sembcorp Industries on December 26 2025 said that it completed its acquisition of a 100 per cent stake in Indian solar power company ReNew Sun Bright, through its wholly owned subsidiary Sembcorp Green Infra for S$246 million.
Sembcorp Industries enters a share sale agreement, in Dec 2025, to acquire Alinta Energy for A$6.5 billion (US$4.3 billion) from Chow Tai Fook Enterprises, marking its entry into the Australian energy market.
Sembcorp Solar inks a deal with Aster Power, in Oct 2025, to provide renewable power solutions and steam generation to reduce emissions across Aster&rsquo s assets.
Sembcorp Industries and Aster Chemicals and Energy, in May 2025, form new regional energy and uutilities partnerships in South-east Asia worth over S$650 million. Both also ink an MOU to explore strategic initiatives across Singapore, Indonesia and rest of South-east Asia
Sembcorp Industries is reportedly in discussions to acquire a minority stake in the gas-fired power business of Thai energy company B.Grimm Power Pcl.
Sembcorp Industries and longstanding partner Becamax IDC, in Aug 2023, have received approvals to develop four new industrial parks in Vietnam. It also unveiled plans for 10 more prospective parks.
Sembcorp Development and its joint venture partner Becamex IDC, in Mar 2025, are expanding their portfolio of Vietnam Singapore Industrial Park projects, taking the total to 20.
Sembcorp Industries, in Mar 2025, said that Vietnam&rsquo s state-backed industrial developer Becamex IDC, is planning to invest 2.5 trillion dong (S$130 million) in joint ventures.
Sembcorp Green Hydrogen India and Bharat Petroleum Corporation, in April 2025, sign a joint venture agreement to develop green hydrogen and renewable energy projects, including green ammonia and bunkering, across India.
Sembcorp Industries, in June 2024, said that it will partner US fuel cell provider Bloom Energy to produce low-carbon power in Singapore.The collaboration will involve the use of Bloom Energy' s Energy Server platform.
Sembcorp Industries, in Mar 2023, said that its carbon management corporate venture, GoNetZero, has launched its digital platform for trading Brazil International Renewable Energy Certificates (I-REC) at the inaugural I-REC Day Brazil in Sã o Paulo.
Sembcorp Industries signs MOU with CapitaLand and SP Group, in Nov 2020, to study integrated energy solutions for data centers in Singapore.
Sembcorp Industries divests its stake in a coal-fired power asset in China, aligning its portfolio with its green energy focus.
Sembcorp industries, in Nov 2022, said it will acquire renewables assets in China through joint venture with State Power Investment Corporation Affiliate
Sembcorp Fuels, in Dec 2024, has signed a 10-year sale-and-purchase agreement with oil major Chevron Corp for about 0.6 million tonnes of liquefied natural gas each year.
Sembcorp Industries signs a strategic MOU with Chiyoda Corporation and Mitsubishi Corporation to explore a commercial-scale decarbonized hydrogen supply chain for Singapore in 2021.
Sembcorp Industries, in Jan 2025, said that its wholly owned subsidiary has signed a share purchase agreement withCleanCurrent Renewable Energy in the Philippines for a 100 per cent stake in Puente Al Sol.
Sembcorp Power, in July 2025, signs power purchase agreement with DayOne Data Centers to enable 100% renewable energy for the new data center. DayOne is developing the nation&rsquo s first data centre to pilot on-site hydrogen-based power generation.
Sembcorp Industries, in Aug 2023, has received a letter of intent from the Energy Market Authority (EMA) to explore the development of offshore wind farms in Vietnam to export electricity to Singapore.
Sembcorp Industries and the Energy Market Authority (EMA), in Oct 2025, are partnering to test an expanded Battery Energy-Storage System (ESS) on Jurong Island to enhance Singapore' s grid stability.
Sembcorp Industries receives conditional approval, in Oct 2025, from Energy Market Authority (EMA) to import 1.2 GW of renewable electricity from Vietnam.
Sembcorp-Singapore LNG (SLNG) is one of the two consortiums, in July 2024, shortlisted by the Energy Market Authority (EMA) and the Maritime and Port Authority of Singapore (MPA) to conduct engineering, safety and emergency response studies for the proposed evaluation of an ammonia power and bunkering project.
Sembcorp Power, in April 2024, has signed two long-term power purchase agreements with subsidiaries of Equinix, a US-based data centre firm that operates as a REIT.
Sembcorp Power, in Dec 2024, signs a second long-term power purchase agreement with Equinix to supply up to 90MW of power from its renewable energy portfolio to fuel Equinix' s data centers in Singapore.
Sembcorp Solar Vietnam, in Nov 2023, will be acquiring majority interests in various subsidiaries of Vietnam' s Group Joint Stock Company for a maximum equity consideration of about S$218 million. The move is to boost its renewables portfolio.
Sembcorp Industries, in July 2023, said it is partnering with Gentari, the renewable energy arm of Malaysia' s Petronas, to explore potential collaborations and business activities related to clean energy solutions.
Sembcorp Power, in Jun 2024, has secured long-term power purchase agreements with subsidiaries of global biopharma company, GSK, for its Singapore manufacturing sites to support its renewable electricity goals.
Sembcorp' s CEO met with India' s Union Minister for Commerce and Industry Piyush Goyal, in Oct 2025, to discuss collaboration in clean energy and green hydrogen, and India' s progress in renewable energy and explore collaboration opportunities
Sembcorp Solar Singapore, in Dec 2023, has been awarded a 117 megawatt-peak (MWp) project by JTC to &ldquo solarise&rdquo interim vacant land and the rooftops of five buildings on Jurong Island.
Sembcorp Industries, in May 2023, said it will be developing a S$900 million new multi-utilities centre on Jurong Island which will supply power, steam, firewater and demineralised water to customers.
Sembcorp Industries, in Oct 2025, unveils ' battery stacking' solution and Singapore' s largest ground-mounted solar project on Jurong Island. Sembcorp is working on two clean energy projects that boost energy storage and solar power capacity on Jurong Island.
Sembcorp Green Infra Wind Energy, in Feb 2024, has completed the acquisition of 100% of the share capital in two special purpose vehicles (SPVs) of Leap Green Energy Private Limited.
Sembcorp Industries, in Mar 2023, has clinched the Manah Solar II Independent Power Project, to build, own and operate a 500 megawatt (MW) solar power plant in Oman
Sembcorp Industries' first greenfield renewables project in the Middle East, the 588MWp Manah II Solar IPP, in Oman, began commercial operation in Dec 2024, more than four months ahead of schedule. The project is backed by a 20-year power purchase agreement with Nama Power and Water Procurement Company.
Sembcorp Industries has signed a 25-year energy supply agreement with a subsidiary of Meta, Malkoha Pte, in March 2025, to construct, own, and operate a 150MW floating solar project in Singapore.
Sembcorp Industries and Nama Power and Water Procurement has signed a 20-year Power Purchase Agreement (PPA), in Nov 2025, with OQ Alternative Energy to develop the Dhofar II Wind Power Project in Oman
Sembcorp Salalah Power & Water Company, in Sep 2025, has been awarded a new 10-year power and water purchase agreement in Oman from Nama Power and Water Procurement.
Sembcorp Green Hydrogen, and two other listed Japanese corporations, in Aug 2024, have signed an in-principle agreement with Nippon Yusen Kabushiki Kaisha for the export of green ammonia from India to Japan.
Sembcorp Green Infra, in Nov 2023, secured a 300 MW wind-solar hybrid project from India' s state-run power producer NHPC Limited, expanding its multi-technology renewable portfolio in India.
Sembcorp Green Hydrogen India and Sembcorp Development, in Jan 2025, inks MOUs with Odisha government to explore the development of a production facility for green hydrogen and its derivatives and assess the potential for developing an industrial park.
Sembcorp Industries, as reported in Dec 2025. has emerged as a significant player in Oman' s power and water sector, building a diversified portfolio that now exceeds 1.1 gigawatts of energy assets across gas-fried generation, desalination, solar and wind,
Sembcorp Development, in Aug 2024, has signed MOU with two subsidiaries of Panbil Group (Panbil) to jointly develop low-carbon industrial parks in Batam, Indonesia.
Sembcorp Solar, in Sep 2025, has won a bid by national water agency PUB to build a floating solar farm on Pandan Reservoir, its third such project in Singapore.
Sembcorp Solar, in Jan 2025, launches short-term mobile solar farm at PSA' s Keppel Terminal. The solar farm is a joint project between Sembcorp Solar and port operator PSA Singapore.
Sembcorp Energy Philippines, in Feb 2025, has signed a share purchase agreement with CleanCurrent Renewable Energy Inc.to acquire 100% of CREI' s shares in Puente Al Sol Inc.
Sembcorp Industries, in Mar 2024, marked its entry into utility-scale solar development in Indonesia through a joint venture with a unit linked to PT PLN, an Indonesian government-owned utilities corporation.
Sembcorp Industries and PT PLN Nusantara Power, in Feb 2025, have launched the Nusantara Sembcorp Solar Energi Power Plant, the first utility-scale integrated solar and energy storage project in Nusantara, Indonesia.
Sembcorp Industries, wholly owned subsidiary PT Sembcorp Renewables Indonesia and Indonesia' s state-owned PT PLN Nusantara Renewables, in Jan 2025, launches Indonesia solar-plus-BESS project.
Sembcorp Industries, in Nov 2024, inks a joint development framework agreement with PT PLN Energi Primer Indonesia and PT Transportasi Gas Indonesia for a hydrogen transportation pipeline linking Sumatra and Singapore.
Sembcorp Utilities and Prysmian, subsidiary of state-owned utilities company Sarawak Energy, in March 2025, have entered an agreement for a hydropower project that could supply Singapore with 1 gigawatt (GW) of green electricity from Sarawak.
Sembcorp Energy (Shanghai), in Nov 2024, signed an agreement with Envision Energy Co to acquire the full share capital of Qinzhou Yuanneng Wind Power Co for an equity consideration of about S$130 million.
Sembcorp is set to acquire ReNew Sun Bright' s solar energy business in India for $190 million, which will increase its total renewable energy capacity in India to 6.9 GW.
Sembcorp Utilities and Sarawak Energy receive conditional approval, in Oct 2025, from the Energy Market Authority (EMA) to import 1GW of renewable energy from Sarawak to Singapore via subsea power cables.
Sembcorp Industries, in Nov 2024, announced that it intends to sell its wholly owned unit Sembcorp Environment to SBT Investment 2, which is wholly owned by Indonesia-listed integrated energy company TBS Energi Utama, for S$405 million.
Sembcorp Industries, in Nov 2021, acquires a 98% stake in a 658MW portfolio of operational wind and solar assets in China from SDIC New Energy and HYNE in 2021-2022.
Sembcorp completes the sale of Sembcorp Energy India Limited (SEIL) to Tanweer Infrastructure for S$2.1 billion in 2022 to decarbonize its portfolio.
Sembcorp Industries, in Nov 2025, plans IPO of its Indian unit in Mumbai, Sembcorp Green Infra, which operates businesses in wind, solar and energy storage, and competes with the likes of Adani Green Energy and Avaada Group.
Sembcorp Industries, in July 2021, officially opens the 60MWp Sembcorp Tengeh Floating Solar Farm in Singapore, one of the world' s largest inland floating solar projects.
Sembcorp completes the acquisition of an additional 30% stake in Senoko Energy, in April 2025, increasing its strategic footprint in Singapore' s power generation sector. The deal follows Sembcorp Utilities' earlier acquisition of a 30% stake in Senoko Energy, completed in Nov 2024.
Sembcorp Industries, in Oct 2025, unveils the Sembcorp Jurong Island Solar Farm, Singapore&rsquo s largest ground-mounted solar project, alongside a novel " battery stacking" solution to optimize land use.
Sembcorp Power, in May 2023, has signed a 10-year power purchase agreement to supply electricity to Singtel, with an annual contract value of around S$180 million.
Sembcorp Green Infra, in May 2025, was awarded a 150MW of solar power and a 300MWh battery energy storage system (BESS) project by Indian public sector power company SJVN Limited.
Sembcorp Green Infra, in Nov 2025, was awarded a 150MW firm and dispatchable renewable energy power project in India to supply peak electricity daily over 25 years. by Indian public sector power company SJVN Limited.
Sembcorp Green Infra, in Mar 2024, was awarded a 440 megawatt (MW) wind-solar hybrid power project by Indian public sector power company SJVN Limited. The build-own-operate project is part of a 1.5 gigawatt (GW) bid issued by SJVN in September 2023.
Sembcorp Industries, in Jan 2025, was among the five companies awarded capacity in Solar Energy Corporation of India' s reverse auction of 2GW of solar-plus-storage that will connect to the Inter State Transmission System (ISTS).
Sembcorp Green Infra, in June 2025, was awarded a 50 megawatt (MW) round-the-clock power project from Solar Energy Corporation of India.
Sembcorp Green Infra, in Oct 2024, secured a 150MW solar power project with a 300MWh battery energy storage system from the Solar Energy Corporation of India.
Sembcorp Green Infra Wind Energy, in Jan 2024, obtained a contract for a 450 megawatt (MW) wind-solar hybrid power project in India from Solar Energy Corporation of India.
Sembcorp Green Hydrogen, in June 2024, has signed a heads of terms with listed Japanese corporates Sojitz Corporation and Kyushu Electric Power for green ammonia offtake.
Sembcorp Green Hydrogen, in Dec 2023, signed a MOU with Tokyo-headquartered general trading company Sojiz and Kyushu Electricto pursue potential opportunities for green ammonia production in India for export to Japan.
Sembcorp Power, in Oct 2023, has signed long-term power purchase agreements with ST Telemedia Global Data Centres (STT GDC) to power the latter&rsquo s data centres in Singapore.
Sembcorp Utilities, and a consortium including Tenaga Nasional, Petronas, and PetroVietnam enter an agreement, in May 2025, to explore exporting clean energy from Vietnam to Singapore via an integrated ASEAN power grid initiative.
Sembcorp Power, in Dec 2024, signed an agreement with Malaysia' s state-owned utility Tenaga Nasional Berhad (TNB) to supply 50MW of renewable energy from Peninsular Malaysia to Singapore
Sembcorp Fuels, in Feb 2024, signed long-term LNG agreements with TotalEnergies and Chevron to ensure stable gas supply.
Sembcorp Industries, Transportasi Gas Indonesia, and PLN Energi Primer Indonesia signed a joint development framework agreement (JDFA) in November 2024 to explore the feasibility of a subsea pipeline to transport green hydrogen from Indonesia to Singapore.
Sembcorp Industries, in Nov 2022, completes the acquisition of Vector Green, which has renewable power generation assets across 13 Indian states, for approximately S$474 million.
Sembcorp Industries, in Oct 2025, signs MOU with the V.O. Chidambaranar (VOC) Port Authority to develop a ₹ 25,400-crore green hydrogen and ammonia hub in Tuticorin, India.
Sembcorp Development, in Mar 2025, was awarded investment registration certificates for two new Vietnam Singapore Industrial Park (VSIP) projects, bringing its total portfolio in Vietnam to 20 parks.
Sembcorp Development, in May 2024, has added three industrial parks in Vietnam to its expanding portfolio of low-carbon industrial parks. Investment licences for VSIP Thai Binh, VSIP Quang Ngai II and Becamex-VSIP Binh Thuan were awarded to companies held by Vietnam Singapore Industrial Park Joint Venture Company.
Sembcorp Gas, in June 2023, has signed a gas sales agreement to import natural gas piped from the West Natuna gas fields in Indonesia at an estimated value of S$1.9 billion..
Sembcorp Gas, in Sep 2024, has signed a agreement with West Natuna Exploration, Empyrean Energy and Coro Energy Duyung (Singapore), to import up to 111 billion BTU per day of natural gas piped from the Mako gas fields in Indonesia.
Sembcorp Industries, in July 2021, forms joint venture to explore the development of a net-zero power station in the UK with Zero Degrees Whitetail Development, the UK subsidiary of US innovation firm 8 Rivers Capital.
Sembcorp Industries is " well-positioned" to achieve its target of 25 gigawatts (GW) of gross installed renewables capacity by 2028, said the company&rsquo s chairman and chief executive in its FY2024 annual report.
Sembcorp Industries could potentially unlock between $3.5 billion - $5.5 billion in gross proceeds if it were to fully monetise its India' s renewable energy portfolio.

THIS POST IS UNBELIEVABLY LONG, ONLY BECAUSE IT IS EXACTLY WHAT IT IS..... UNBELIEVABLE!

As promised, here is the list of Sembcorp' s projects wins, partnerships, businesses etc over the just the past three years..../if I do a five or six years lists, I think many of you will end up in icu, after going half way thru them.... ..... now, ask yourself, 15 -18years ago, did Sembcorp have this kind of businesses when its price was about today' s price?... of course, don' t have la...... don' t forget, many of the projects are beginning to bear fruits, or already in harvest mode, you have to understand why there have been very strong black markets hidden interests in it for so long.......but we havenot done with this... not only the list is not complete (only 3 years), but we haven' t talk about the tokkong GAME CHANGING possible developments, that might happen, like the nuclear energy link, its divestments of Indian assets, the spinoff consideration, the green plan involvement, the apple of the eye in Temasek restructuring, its own restructuring with consideration of a potential privatisation, the advent of global solar boom and decarbonization push, potential M& A with part of Keppel' s business, .... andso much more..... any way, talk is no use, juz watch from now on.......

-=========
Sembcorp Industries has focused its post-2020 strategy on a " brown to green" transformation, securing numerous contracts, particularly in the renewable energy and integrated urban solutions sectors, to build a balanced energy portfolio with a current gross renewable capacity of over 19 GW.
Since 2020, Sembcorp has secured various contracts and engaged in strategic collaborations to advance its " brown to green" transformation.
Besides securing major contracts & projects, Sembcorp has entered into various collaborations, partnerships and JVs and made significant investments. Are you ready to be impressed by its list of businesses?

Sembcorp Industries on December 26 2025 said that it completed its acquisition of a 100 per cent stake in Indian solar power company ReNew Sun Bright, through its wholly owned subsidiary Sembcorp Green Infra for S$246 million.
Sembcorp Industries enters a share sale agreement, in Dec 2025, to acquire Alinta Energy for A$6.5 billion (US$4.3 billion) from Chow Tai Fook Enterprises, marking its entry into the Australian energy market.
Sembcorp Solar inks a deal with Aster Power, in Oct 2025, to provide renewable power solutions and steam generation to reduce emissions across Aster&rsquo s assets.
Sembcorp Industries and Aster Chemicals and Energy, in May 2025, form new regional energy and uutilities partnerships in South-east Asia worth over S$650 million. Both also ink an MOU to explore strategic initiatives across Singapore, Indonesia and rest of South-east Asia
Sembcorp Industries is reportedly in discussions to acquire a minority stake in the gas-fired power business of Thai energy company B.Grimm Power Pcl.
Sembcorp Industries and longstanding partner Becamax IDC, in Aug 2023, have received approvals to develop four new industrial parks in Vietnam. It also unveiled plans for 10 more prospective parks.
Sembcorp Development and its joint venture partner Becamex IDC, in Mar 2025, are expanding their portfolio of Vietnam Singapore Industrial Park projects, taking the total to 20.
Sembcorp Industries, in Mar 2025, said that Vietnam&rsquo s state-backed industrial developer Becamex IDC, is planning to invest 2.5 trillion dong (S$130 million) in joint ventures.
Sembcorp Green Hydrogen India and Bharat Petroleum Corporation, in April 2025, sign a joint venture agreement to develop green hydrogen and renewable energy projects, including green ammonia and bunkering, across India.
Sembcorp Industries, in June 2024, said that it will partner US fuel cell provider Bloom Energy to produce low-carbon power in Singapore.The collaboration will involve the use of Bloom Energy' s Energy Server platform.
Sembcorp Industries, in Mar 2023, said that its carbon management corporate venture, GoNetZero, has launched its digital platform for trading Brazil International Renewable Energy Certificates (I-REC) at the inaugural I-REC Day Brazil in Sã o Paulo.
Sembcorp Industries signs MOU with CapitaLand and SP Group, in Nov 2020, to study integrated energy solutions for data centers in Singapore.
Sembcorp Industries divests its stake in a coal-fired power asset in China, aligning its portfolio with its green energy focus.
Sembcorp industries, in Nov 2022, said it will acquire renewables assets in China through joint venture with State Power Investment Corporation Affiliate
Sembcorp Fuels, in Dec 2024, has signed a 10-year sale-and-purchase agreement with oil major Chevron Corp for about 0.6 million tonnes of liquefied natural gas each year.
Sembcorp Industries signs a strategic MOU with Chiyoda Corporation and Mitsubishi Corporation to explore a commercial-scale decarbonized hydrogen supply chain for Singapore in 2021.
Sembcorp Industries, in Jan 2025, said that its wholly owned subsidiary has signed a share purchase agreement withCleanCurrent Renewable Energy in the Philippines for a 100 per cent stake in Puente Al Sol.
Sembcorp Power, in July 2025, signs power purchase agreement with DayOne Data Centers to enable 100% renewable energy for the new data center. DayOne is developing the nation&rsquo s first data centre to pilot on-site hydrogen-based power generation.
Sembcorp Industries, in Aug 2023, has received a letter of intent from the Energy Market Authority (EMA) to explore the development of offshore wind farms in Vietnam to export electricity to Singapore.
Sembcorp Industries and the Energy Market Authority (EMA), in Oct 2025, are partnering to test an expanded Battery Energy-Storage System (ESS) on Jurong Island to enhance Singapore' s grid stability.
Sembcorp Industries receives conditional approval, in Oct 2025, from Energy Market Authority (EMA) to import 1.2 GW of renewable electricity from Vietnam.
Sembcorp-Singapore LNG (SLNG) is one of the two consortiums, in July 2024, shortlisted by the Energy Market Authority (EMA) and the Maritime and Port Authority of Singapore (MPA) to conduct engineering, safety and emergency response studies for the proposed evaluation of an ammonia power and bunkering project.
Sembcorp Power, in April 2024, has signed two long-term power purchase agreements with subsidiaries of Equinix, a US-based data centre firm that operates as a REIT.
Sembcorp Power, in Dec 2024, signs a second long-term power purchase agreement with Equinix to supply up to 90MW of power from its renewable energy portfolio to fuel Equinix' s data centers in Singapore.
Sembcorp Solar Vietnam, in Nov 2023, will be acquiring majority interests in various subsidiaries of Vietnam' s Group Joint Stock Company for a maximum equity consideration of about S$218 million. The move is to boost its renewables portfolio.
Sembcorp Industries, in July 2023, said it is partnering with Gentari, the renewable energy arm of Malaysia' s Petronas, to explore potential collaborations and business activities related to clean energy solutions.
Sembcorp Power, in Jun 2024, has secured long-term power purchase agreements with subsidiaries of global biopharma company, GSK, for its Singapore manufacturing sites to support its renewable electricity goals.
Sembcorp' s CEO met with India' s Union Minister for Commerce and Industry Piyush Goyal, in Oct 2025, to discuss collaboration in clean energy and green hydrogen, and India' s progress in renewable energy and explore collaboration opportunities
Sembcorp Solar Singapore, in Dec 2023, has been awarded a 117 megawatt-peak (MWp) project by JTC to &ldquo solarise&rdquo interim vacant land and the rooftops of five buildings on Jurong Island.
Sembcorp Industries, in May 2023, said it will be developing a S$900 million new multi-utilities centre on Jurong Island which will supply power, steam, firewater and demineralised water to customers.
Sembcorp Industries, in Oct 2025, unveils ' battery stacking' solution and Singapore' s largest ground-mounted solar project on Jurong Island. Sembcorp is working on two clean energy projects that boost energy storage and solar power capacity on Jurong Island.
Sembcorp Green Infra Wind Energy, in Feb 2024, has completed the acquisition of 100% of the share capital in two special purpose vehicles (SPVs) of Leap Green Energy Private Limited.
Sembcorp Industries, in Mar 2023, has clinched the Manah Solar II Independent Power Project, to build, own and operate a 500 megawatt (MW) solar power plant in Oman
Sembcorp Industries' first greenfield renewables project in the Middle East, the 588MWp Manah II Solar IPP, in Oman, began commercial operation in Dec 2024, more than four months ahead of schedule. The project is backed by a 20-year power purchase agreement with Nama Power and Water Procurement Company.
Sembcorp Industries has signed a 25-year energy supply agreement with a subsidiary of Meta, Malkoha Pte, in March 2025, to construct, own, and operate a 150MW floating solar project in Singapore.
Sembcorp Industries and Nama Power and Water Procurement has signed a 20-year Power Purchase Agreement (PPA), in Nov 2025, with OQ Alternative Energy to develop the Dhofar II Wind Power Project in Oman
Sembcorp Salalah Power & Water Company, in Sep 2025, has been awarded a new 10-year power and water purchase agreement in Oman from Nama Power and Water Procurement.
Sembcorp Green Hydrogen, and two other listed Japanese corporations, in Aug 2024, have signed an in-principle agreement with Nippon Yusen Kabushiki Kaisha for the export of green ammonia from India to Japan.
Sembcorp Green Infra, in Nov 2023, secured a 300 MW wind-solar hybrid project from India' s state-run power producer NHPC Limited, expanding its multi-technology renewable portfolio in India.
Sembcorp Green Hydrogen India and Sembcorp Development, in Jan 2025, inks MOUs with Odisha government to explore the development of a production facility for green hydrogen and its derivatives and assess the potential for developing an industrial park.
Sembcorp Industries, as reported in Dec 2025. has emerged as a significant player in Oman' s power and water sector, building a diversified portfolio that now exceeds 1.1 gigawatts of energy assets across gas-fried generation, desalination, solar and wind,
Sembcorp Development, in Aug 2024, has signed MOU with two subsidiaries of Panbil Group (Panbil) to jointly develop low-carbon industrial parks in Batam, Indonesia.
Sembcorp Solar, in Sep 2025, has won a bid by national water agency PUB to build a floating solar farm on Pandan Reservoir, its third such project in Singapore.
Sembcorp Solar, in Jan 2025, launches short-term mobile solar farm at PSA' s Keppel Terminal. The solar farm is a joint project between Sembcorp Solar and port operator PSA Singapore.
Sembcorp Energy Philippines, in Feb 2025, has signed a share purchase agreement with CleanCurrent Renewable Energy Inc.to acquire 100% of CREI' s shares in Puente Al Sol Inc.
Sembcorp Industries, in Mar 2024, marked its entry into utility-scale solar development in Indonesia through a joint venture with a unit linked to PT PLN, an Indonesian government-owned utilities corporation.
Sembcorp Industries and PT PLN Nusantara Power, in Feb 2025, have launched the Nusantara Sembcorp Solar Energi Power Plant, the first utility-scale integrated solar and energy storage project in Nusantara, Indonesia.
Sembcorp Industries, wholly owned subsidiary PT Sembcorp Renewables Indonesia and Indonesia' s state-owned PT PLN Nusantara Renewables, in Jan 2025, launches Indonesia solar-plus-BESS project.
Sembcorp Industries, in Nov 2024, inks a joint development framework agreement with PT PLN Energi Primer Indonesia and PT Transportasi Gas Indonesia for a hydrogen transportation pipeline linking Sumatra and Singapore.
Sembcorp Utilities and Prysmian, subsidiary of state-owned utilities company Sarawak Energy, in March 2025, have entered an agreement for a hydropower project that could supply Singapore with 1 gigawatt (GW) of green electricity from Sarawak.
Sembcorp Energy (Shanghai), in Nov 2024, signed an agreement with Envision Energy Co to acquire the full share capital of Qinzhou Yuanneng Wind Power Co for an equity consideration of about S$130 million.
Sembcorp is set to acquire ReNew Sun Bright' s solar energy business in India for $190 million, which will increase its total renewable energy capacity in India to 6.9 GW.
Sembcorp Utilities and Sarawak Energy receive conditional approval, in Oct 2025, from the Energy Market Authority (EMA) to import 1GW of renewable energy from Sarawak to Singapore via subsea power cables.
Sembcorp Industries, in Nov 2024, announced that it intends to sell its wholly owned unit Sembcorp Environment to SBT Investment 2, which is wholly owned by Indonesia-listed integrated energy company TBS Energi Utama, for S$405 million.
Sembcorp Industries, in Nov 2021, acquires a 98% stake in a 658MW portfolio of operational wind and solar assets in China from SDIC New Energy and HYNE in 2021-2022.
Sembcorp completes the sale of Sembcorp Energy India Limited (SEIL) to Tanweer Infrastructure for S$2.1 billion in 2022 to decarbonize its portfolio.
Sembcorp Industries, in Nov 2025, plans IPO of its Indian unit in Mumbai, Sembcorp Green Infra, which operates businesses in wind, solar and energy storage, and competes with the likes of Adani Green Energy and Avaada Group.
Sembcorp Industries, in July 2021, officially opens the 60MWp Sembcorp Tengeh Floating Solar Farm in Singapore, one of the world' s largest inland floating solar projects.
Sembcorp completes the acquisition of an additional 30% stake in Senoko Energy, in April 2025, increasing its strategic footprint in Singapore' s power generation sector. The deal follows Sembcorp Utilities' earlier acquisition of a 30% stake in Senoko Energy, completed in Nov 2024.
Sembcorp Industries, in Oct 2025, unveils the Sembcorp Jurong Island Solar Farm, Singapore&rsquo s largest ground-mounted solar project, alongside a novel " battery stacking" solution to optimize land use.
Sembcorp Power, in May 2023, has signed a 10-year power purchase agreement to supply electricity to Singtel, with an annual contract value of around S$180 million.
Sembcorp Green Infra, in May 2025, was awarded a 150MW of solar power and a 300MWh battery energy storage system (BESS) project by Indian public sector power company SJVN Limited.
Sembcorp Green Infra, in Nov 2025, was awarded a 150MW firm and dispatchable renewable energy power project in India to supply peak electricity daily over 25 years. by Indian public sector power company SJVN Limited.
Sembcorp Green Infra, in Mar 2024, was awarded a 440 megawatt (MW) wind-solar hybrid power project by Indian public sector power company SJVN Limited. The build-own-operate project is part of a 1.5 gigawatt (GW) bid issued by SJVN in September 2023.
Sembcorp Industries, in Jan 2025, was among the five companies awarded capacity in Solar Energy Corporation of India' s reverse auction of 2GW of solar-plus-storage that will connect to the Inter State Transmission System (ISTS).
Sembcorp Green Infra, in June 2025, was awarded a 50 megawatt (MW) round-the-clock power project from Solar Energy Corporation of India.
Sembcorp Green Infra, in Oct 2024, secured a 150MW solar power project with a 300MWh battery energy storage system from the Solar Energy Corporation of India.
Sembcorp Green Infra Wind Energy, in Jan 2024, obtained a contract for a 450 megawatt (MW) wind-solar hybrid power project in India from Solar Energy Corporation of India.
Sembcorp Green Hydrogen, in June 2024, has signed a heads of terms with listed Japanese corporates Sojitz Corporation and Kyushu Electric Power for green ammonia offtake.
Sembcorp Green Hydrogen, in Dec 2023, signed a MOU with Tokyo-headquartered general trading company Sojiz and Kyushu Electricto pursue potential opportunities for green ammonia production in India for export to Japan.
Sembcorp Power, in Oct 2023, has signed long-term power purchase agreements with ST Telemedia Global Data Centres (STT GDC) to power the latter&rsquo s data centres in Singapore.
Sembcorp Utilities, and a consortium including Tenaga Nasional, Petronas, and PetroVietnam enter an agreement, in May 2025, to explore exporting clean energy from Vietnam to Singapore via an integrated ASEAN power grid initiative.
Sembcorp Power, in Dec 2024, signed an agreement with Malaysia' s state-owned utility Tenaga Nasional Berhad (TNB) to supply 50MW of renewable energy from Peninsular Malaysia to Singapore
Sembcorp Fuels, in Feb 2024, signed long-term LNG agreements with TotalEnergies and Chevron to ensure stable gas supply.
Sembcorp Industries, Transportasi Gas Indonesia, and PLN Energi Primer Indonesia signed a joint development framework agreement (JDFA) in November 2024 to explore the feasibility of a subsea pipeline to transport green hydrogen from Indonesia to Singapore.
Sembcorp Industries, in Nov 2022, completes the acquisition of Vector Green, which has renewable power generation assets across 13 Indian states, for approximately S$474 million.
Sembcorp Industries, in Oct 2025, signs MOU with the V.O. Chidambaranar (VOC) Port Authority to develop a ₹ 25,400-crore green hydrogen and ammonia hub in Tuticorin, India.
Sembcorp Development, in Mar 2025, was awarded investment registration certificates for two new Vietnam Singapore Industrial Park (VSIP) projects, bringing its total portfolio in Vietnam to 20 parks.
Sembcorp Development, in May 2024, has added three industrial parks in Vietnam to its expanding portfolio of low-carbon industrial parks. Investment licences for VSIP Thai Binh, VSIP Quang Ngai II and Becamex-VSIP Binh Thuan were awarded to companies held by Vietnam Singapore Industrial Park Joint Venture Company.
Sembcorp Gas, in June 2023, has signed a gas sales agreement to import natural gas piped from the West Natuna gas fields in Indonesia at an estimated value of S$1.9 billion..
Sembcorp Gas, in Sep 2024, has signed a agreement with West Natuna Exploration, Empyrean Energy and Coro Energy Duyung (Singapore), to import up to 111 billion BTU per day of natural gas piped from the Mako gas fields in Indonesia.
Sembcorp Industries, in July 2021, forms joint venture to explore the development of a net-zero power station in the UK with Zero Degrees Whitetail Development, the UK subsidiary of US innovation firm 8 Rivers Capital.
Sembcorp Industries is " well-positioned" to achieve its target of 25 gigawatts (GW) of gross installed renewables capacity by 2028, said the company&rsquo s chairman and chief executive in its FY2024 annual report.
Sembcorp Industries could potentially unlock between $3.5 billion - $5.5 billion in gross proceeds if it were to fully monetise its India' s renewable energy portfolio.

' By now, you would have known that the black market gangsters have been simply unbelievable lately...... but why would they want to come out with such unbelievable (really UNbelievable) coffee shop story of a Keppel' s DIS.......?

==========
Keppel Ltd has utilized the distribution of Keppel REIT units as a DIS for several strategic reasons that align with the mafia' s assessment:

Preserving Cash for Asset Management Growth: By distributing REIT units instead of cash, Keppel preserves its internal liquidity. This supports its 2025 pivot to a " New Keppe" - a global asset manager and operator model - where cash is better utilized for capital recycling and new investments in infrastructure and connectivity.
Improving Return on Equity (ROE): Distributing these units reduces Keppel' s net assets and share capital base. As profits are generated on a leaner equity base, it mathematically enhances Return on Equity (ROE) and Total Shareholder Return. In 2023, Keppel reported a significantly higher ROE of 37.9%, partly due to massive divestments and in-specie distributions.
Optimizing Ownership Levels: Keppel often distributes units to reduce its stake to a level that balances influence with capital efficiency. For example, after a major 2023 distribution, its stake in Keppel REIT was reduced from 46.5% to approximately 37.1%, allowing it to remain the largest unitholder and maintain alignment without over-allocating capital to a single asset.
Enhancing Trading Liquidity: A primary rationale cited in official filings is that such distributions broaden the unitholder base and increase the free float of Keppel REIT. This improves the REIT' s trading liquidity and visibility among a wider range of investors. Imagine, if Keppel and Temasek maintain a high percentage of holding, how to trade?
Special Milestone Rewards: These distributions have frequently been framed as " special dividends" to commemorate milestones, such as the company' s 55th anniversary in 2023, allowing shareholders to benefit from the value of its holdings without a direct cash outflow from the parent company. WELL, IF YOU MUST KNOW, in 2026, Keppel REIT will celebrate its 20th anniversary, having been listed on the Singapore Exchange on April 28, 2006.
Signal Strategic Pivot: The move was also part of a larger, " monumental shift" for Keppel to remove its conglomerate structure and focus on its role as an asset manager, rewarding shareholders through value unlocking and consistent, recurring income. And 2026 marks KEPPEL' s 5th anniversary as the " New Keppel" with next year also marking as its goal of reaching S$100 billion of Funds Understand Management (FUM).

UNbelievable coffee shop story, right?....... well, the gangsters MIGHT well turn out to be right

KEPPEL' s subscription of KEPPEL REIT rights
Some Fun Trivia, strictly for entertainment and not to be taken seriously
(otherwise, IF turns out to be true, SGX' s Mr Lim may treat me to a cup of StarBucks cappuccino)

=========
The subscription for the latest Keppel REIT preferential offering closes at various times on January 9, 2026.

Key Dates for the Preferential Offering
The offering, which opened on December 26, 2025, is part of an equity fundraising to acquire an additional one-third interest in Marina Bay Financial Centre Tower 3.

5:30 p.m. for applications made via the Application for Provisional Allotment of New Units (ARE) form.
5:30 p.m. for Electronic Applications made via the SGX Investor Portal and remittances via PayNow.
9:30 p.m. for Electronic Applications made through an ATM of a participating bank.

Keppel' s entitlement
Keppel Ltd., through its various entities, owns approximately 1.467 billion units in Keppel REIT as of February 27, 2025, representing a 37.92% total interest. Keppel Ltd. intends to subscribe in full to its entitlement in the current preferential offering. The Keppel Group entities have provided irrevocable undertakings to subscribe for their respective entitlements, ensuring the offering is fully underwritten.

Keppel Group Holdings and Entitlement Details
Based on a ratio of 23 new units for every 100 existing units held, Keppel Group' s various entities are entitled to the following provisional allotments in the current offering:

Total Units Held (approx.): 1,467,626,123 units
Preferential Offering Ratio: 23 new units for every 100 existing units
Total Rights Entitled (approx.): 337,553,908 new units (calculated as 1,467,626,123 x 23/100)
Subscription Intention: The Keppel Group has provided an irrevocable undertaking to subscribe and pay for their respective entitlements in full.
This commitment helps ensure the success of the $886.3 million preferential offering.
Keppel Ltd. would need to pay approximately S$324.05 million to subscribe to its full entitlement of Keppel REIT rights.

Hypothetical Scenario of a DIS
If Keppel Ltd were to distribute all the 337,553,908 Keppel REIT rights shares it is entitled to as a dividend in specie, each Keppel Ltd shareholder would receive approximately 1 new Keppel REIT unit for every 5.4 Keppel Ltd shares held.

This hypothetical calculation of Keppel REIT DIS units excludes Keppel Ltd itself as a recipient. This is because a company cannot pay a dividend to its own treasury shares or " receive" a distribution from itself in the way an external shareholder does. You didn' t know, right?

Analysis of the Distribution Ratio
The ratio was calculated by dividing Keppel Ltd' s total potential entitlement (337,553,908 Keppel REIT units) by its total issued shares held by " external" shareholders.

Who gets it: Only " Entitled Shareholders" - the external investors listed on the company' s register - receive the units.
Keppel Ltd' s role: As the parent company distributing the asset, Keppel Ltd is the distributor, not a recipient. Its total unit count in Keppel REIT would simply decrease by the amount distributed to all the " external" shareholders.
Note, Temasek as an external shareholder also receives.... mmm interesting....

Previous Dividend in Specie (November 2023)
In the 2023 distribution (commemorating Keppel' s 55th anniversary), the process worked the same way:

The Ratio: Shareholders received 1 Keppel REIT unit for every 5 Keppel Ltd shares held.
Major Shareholder Participation: Temasek Holdings, as the largest external shareholder of Keppel Ltd (holding ~21% in 2025), did receive Keppel REIT units as a dividend in specie.
Keppel Ltd' s Status: Keppel Ltd did not " receive" units from itself. Instead, it reduced its own direct/indirect stake in Keppel REIT to provide those units to shareholders like Temasek and the public. After that 2023 distribution, Keppel Ltd' s interest in Keppel REIT dropped from approximately 46.5% to 37.1%.

DO YOU KNOW HOW SINGAPOREANS RESPOND TO TIN KOSONG BY PRONOUNCING " OKLO" IN SINGLISH?
Okay Lor!

Oklo is unlikely to have a significant, direct effect on Sembcorp Industries and Seatrium in the near term due to differences in business focus, operational timelines, and geographic markets

Sembcorp Industries

Sembcorp Industries is a large, established energy player in Asia, with a primary focus on renewables (solar, wind, battery storage) and gas-fired power generation, primarily in Singapore, India, and China. Its strategy involves powering data centers and industrial parks in the region.

Oklo, in contrast, is a pre-revenue company developing small modular reactors (SMRs) with a power-as-a-service model, largely targeting U.S. domestic customers like data centers.

Key differences:

Geography: Sembcorp' s main markets are Asia and Australia Oklo is focused on the U.S. market.
Technology: Sembcorp uses traditional renewables and gas Oklo is focused on advanced nuclear fission, which is a fundamentally different technology.
Timeline: Sembcorp is operational and growing its capacity now Oklo does not expect its first commercial plant to be operational until late 2027 or early 2028.

Seatrium

Seatrium operates in the offshore, marine, and energy industries, providing engineering solutions, including oil and gas newbuilds and conversions, offshore renewables (HVDC and HVAC platforms), and repairs/upgrades.

Seatrium' s business is centered on large-scale engineering and construction projects for marine and offshore applications, which is entirely distinct from Oklo' s business of designing and deploying small, land-based nuclear reactors for electricity generation. They operate in different sectors of the energy industry and do not compete for the same projects or customer base.

Conclusion

Any potential impact would be highly indirect and long-term, possibly as part of a global shift towards diverse clean energy sources. However, Oklo' s current operational status (pre-revenue) and distinct market focus mean it is not a direct competitor or threat to either Sembcorp Industries or Seatrium in the foreseeable future.

Very positive signs..... KREIT is trading above rights issued price after XR........,
as I said it is to Keppel interest to protect or strengthen KREIT price.......

aragosta ( Date: 18-Dec-2025 18:02) Posted:

Wa, less and less interests here..... each post now attract less than 100 views......which is well and good, gonna attract less controversies and detractors......and unbelievers....

I try not sound like boasting, but since I posted the gangsters cock n bull story on the misconception of KREIT' s acquisition of MBFC Tower3, the Keppel' s bleeding seems to stabilise...... l' ll carry on with this gangsters story, and say that the black market is also speculating that if KRIET goes XR and is trading its rights at above its issued price (0.96), it is almost assured that the DIS is a guarantee.........unless Ah Hua tries to do a blindside on the gangsters and calls it off...... but here is a BIG gangsters warning, as I have hinted earlier........ If the FY payout is going to be less than fifty as some so called gurus here have predicted, the price gonna tank massively like no other......... so the insiders power better be careful, ya?..... that' s why the gangsters are confident that the shareholder' s rewards are LIKELY to be substantial .......Don&rsquo t forget Keppel' s results have been phenomenal so far, and likely to be so for the entire FY, unless some freak situations happen&hellip &hellip . Keppel ALREADY talked of going to reward its shareholders greatly this year but at the same time, it needs money for further growth......... so, that means it would have to include some form of dividends payout in kind, like reward of bonus shares (or some say splits like in 2011) or DIS........Here' s a giveaway hint, if in the weeks after XR to come, KRIET shares run, and keep going up above its rights issues price, right up to Eve of results report day, I can one million percent be sure that the KREIT DIS is a giveaway (pun intended) ......... Because the power that may be wants the value of the DIS to be as high as possible so as to add more to the value of their total payout to shareholders........got it.? Never mind if you don' t get it, just get it that this is another unbelievable story from the gangsters, who have been so unbelievable so far.......

BTW, I will try to come out with a consolidated list of business ventures/contracts for Seatrium and Sembcorp before year end....... trust me they will be just as impressive as Keppel' s, maybe better........ I' m actually waiting for Sembcorp updates and confirmation of another M& A from Australia and/or Thailand&hellip . Here&rsquo s the teaser, if both of these acquisitions are successful, I understand, heard only ah, that a rights issues price may be in the offering...........which is why some already viewed it as negative, hence the weakening of Sembcorp' s price these days, but trust me, you' ll never ever going to get Sembcorp price any cheaper from the now on........

I am not going to encourage any one only because I don' t disturb the tigress when she is feeding her cubs....... understand?

aragosta ( Date: 17-Dec-2025 09:18) Posted:

KEPPEL
Lately, the focus is about the preception of KREIT negatives in acquiring of an additional one-third interest in Marina Bay Financial Centre (MBFC) Tower 3 (juz because of a few per cent dpu dilutives) and punishing parent Keppel indirectly for it..... this is a classic case of " Can&rsquo t see the forest for the trees." or should I say, " overlooking the whole plantation for the trees...."

People are so focused on the small, specific details (the " trees" ) that they fail to understand or appreciate the larger situation or " big picture" (the " plantation" ). (But I come to this in details later on,,,, got to trade soon)...

Actually speaking, this is a plantation of durian trees.... and KREIT a is juz a few durian trees.....
' Now, I heard only ah...... Keppel is going to subscribe to it' s 37.9% right of KREIT rights issues. With Keppel' s commitment of its monetisation program, it makes less sense to add more shares to its holding... so, this is what it is likely to do.... giving out the additional KREIT shares (mind you, would cost Keppel a few hundred millions dollars to subscribe) as part of its dividends or special distribution structure.......this will help negate the cost of the subscription..... I already commented earlier, that there is a likely plan of a DIS, but I don' t know which one..... I thought it would be KREIT but I was hoping for KDC .... but with a Keppel divesting KDC, and going to subscribe to ADDITIONAL KREIT... it now make more sense to have kREIT as DIS......
And mind you, it is not going to be peanuts ... you may, again heard from coffee shops only, it may be as much as 25 DIS to every 100 Keppel Shares you own..... still think it is wise to overlook the whole plantation for a few trees? Any way, this is another unbelievable story from the gangsters ..... believe or not believe, up to you....

Notice last Friday I purposely posted only near market close and whole day the shorties were happily feeding us...... today we are making at least 4%..... if the shortists don' t be careful, could suddenly lose their pants when one day, we' ll play them suddenly again and again ...... and Ms Joy? She better don' t talk too much, very retarded comments she' s making, especially she knows nothing in the background....the less you engaged her, the better (remember the loser by this nick?)

i' ll post some thing very subtle on Sembcorp after the holiday.... u will understand why next year it could be a eight dollar stock........ if not, Seatrium will be hot on its heels.... can' t wait for unbelievable April/May 2026.....to happen

aragosta ( Date: 19-Dec-2025 16:50) Posted:

Very little interests here nowadays , so quite safe to post....../

Just fresh from the fish market.........Some thing brewing in SEAtrium, could be a mega ground breaking move......... the kay poh " couldn' t keep secrets" brokers still in the dark, other wise, they would have let go to their vip clients......// Ms Joy also still blurred like sotong........
even with out this, black market already looking at three by next year, .....that s how big it s gonna be......... believe or not believe , we don' t care at all.......

Very hard to post, BUT.....

Very hard to stay humble..... when the gangsters SUDDENLY, out of nowhere, any how come out with some announcement of pending news.... and then turned out really got news ........ but people still don' t believe, even thought it' s unbelievable, that the gangsters can so unbelievable........ worse, you still got people come here, in out in out, pretending not to notice, or acknowledge..... like that, how to let go more advance " heads up" ?..... must at least acknowledge la, then when they are happily drunk, they will talk more la!

Like may be , by next QUARTER there MAY be even a better news, a reward kind of news.... as I said, the gangsters don' t play games, if they take out their parang, chop means chop, three means three ...... soon u will know what I, or they, mean, even if I don' t post it here ..... meanwhile, not for fun, I' m shouting NO $6 NO SELL!

Seatrium, Maersk resolve contract dispute with giant line to pay US$360 million upon vessel delivery

https://www.businesstimes.com.sg/companies-markets/seatrium-maersk-resolve-contract-dispute-giant-line-pay-us360-million-upon-vessel-delivery
https://links.sgx.com/FileOpen/Sturgeon%20Resolution%20Annc%20-%2022%20Dec%20.ashx?App=Announcement& FileID=870268

aragosta ( Date: 19-Dec-2025 16:50) Posted:

Very little interests here nowadays , so quite safe to post....../

Just fresh from the fish market.........Some thing brewing in SEAtrium, could be a mega ground breaking move......... the kay poh " couldn' t keep secrets" brokers still in the dark, other wise, they would have let go to their vip clients......// Ms Joy also still blurred like sotong........
even with out this, black market already looking at three by next year, .....that s how big it s gonna be......... believe or not believe , we don' t care at all.......

Wa, less and less interests here..... each post now attract less than 100 views......which is well and good, gonna attract less controversies and detractors......and unbelievers....

I try not sound like boasting, but since I posted the gangsters cock n bull story on the misconception of KREIT' s acquisition of MBFC Tower3, the Keppel' s bleeding seems to stabilise...... l' ll carry on with this gangsters story, and say that the black market is also speculating that if KRIET goes XR and is trading its rights at above its issued price (0.96), it is almost assured that the DIS is a guarantee.........unless Ah Hua tries to do a blindside on the gangsters and calls it off...... but here is a BIG gangsters warning, as I have hinted earlier........ If the FY payout is going to be less than fifty as some so called gurus here have predicted, the price gonna tank massively like no other......... so the insiders power better be careful, ya?..... that' s why the gangsters are confident that the shareholder' s rewards are LIKELY to be substantial .......Don&rsquo t forget Keppel' s results have been phenomenal so far, and likely to be so for the entire FY, unless some freak situations happen&hellip &hellip . Keppel ALREADY talked of going to reward its shareholders greatly this year but at the same time, it needs money for further growth......... so, that means it would have to include some form of dividends payout in kind, like reward of bonus shares (or some say splits like in 2011) or DIS........Here' s a giveaway hint, if in the weeks after XR to come, KRIET shares run, and keep going up above its rights issues price, right up to Eve of results report day, I can one million percent be sure that the KREIT DIS is a giveaway (pun intended) ......... Because the power that may be wants the value of the DIS to be as high as possible so as to add more to the value of their total payout to shareholders........got it.? Never mind if you don' t get it, just get it that this is another unbelievable story from the gangsters, who have been so unbelievable so far.......

BTW, I will try to come out with a consolidated list of business ventures/contracts for Seatrium and Sembcorp before year end....... trust me they will be just as impressive as Keppel' s, maybe better........ I' m actually waiting for Sembcorp updates and confirmation of another M& A from Australia and/or Thailand&hellip . Here&rsquo s the teaser, if both of these acquisitions are successful, I understand, heard only ah, that a rights issues price may be in the offering...........which is why some already viewed it as negative, hence the weakening of Sembcorp' s price these days, but trust me, you' ll never ever going to get Sembcorp price any cheaper from the now on........

I am not going to encourage any one only because I don' t disturb the tigress when she is feeding her cubs....... understand?

aragosta ( Date: 17-Dec-2025 09:18) Posted:

KEPPEL
Lately, the focus is about the preception of KREIT negatives in acquiring of an additional one-third interest in Marina Bay Financial Centre (MBFC) Tower 3 (juz because of a few per cent dpu dilutives) and punishing parent Keppel indirectly for it..... this is a classic case of " Can&rsquo t see the forest for the trees." or should I say, " overlooking the whole plantation for the trees...."

People are so focused on the small, specific details (the " trees" ) that they fail to understand or appreciate the larger situation or " big picture" (the " plantation" ). (But I come to this in details later on,,,, got to trade soon)...

Actually speaking, this is a plantation of durian trees.... and KREIT a is juz a few durian trees.....
' Now, I heard only ah...... Keppel is going to subscribe to it' s 37.9% right of KREIT rights issues. With Keppel' s commitment of its monetisation program, it makes less sense to add more shares to its holding... so, this is what it is likely to do.... giving out the additional KREIT shares (mind you, would cost Keppel a few hundred millions dollars to subscribe) as part of its dividends or special distribution structure.......this will help negate the cost of the subscription..... I already commented earlier, that there is a likely plan of a DIS, but I don' t know which one..... I thought it would be KREIT but I was hoping for KDC .... but with a Keppel divesting KDC, and going to subscribe to ADDITIONAL KREIT... it now make more sense to have kREIT as DIS......
And mind you, it is not going to be peanuts ... you may, again heard from coffee shops only, it may be as much as 25 DIS to every 100 Keppel Shares you own..... still think it is wise to overlook the whole plantation for a few trees? Any way, this is another unbelievable story from the gangsters ..... believe or not believe, up to you....

Since it is perceived as affecting Keppel' s bottom line (???!??!), I' m posting the gangsters generated rebuttal of the negativity of Keppel' s acquisition additional one-third stake in Marina Bay Financial Centre (MBFC) Tower 3 here.......

=======

Keppel REIT' s acquisition of an additional one-third stake in Marina Bay Financial Centre (MBFC) Tower 3 for approximately S$1.5 billion is considered a strong long-term investment due to its strategic positioning in a supply-constrained market and its potential for rental growth. It is a strategic move aimed at long-term resilience and capital growth despite initial short-term dilution for unitholders.

The acquisition, expected to complete on December 31, 2025, provides several long-term advantages:

Scarcity and Limited Supply: No new office projects are expected in the Marina Bay area between 2026 and 2029. This " supply drought" is anticipated to support significant rental growth and capital appreciation as demand for prime Grade A space remains resilient.
High Quality and Occupancy: MBFC is an iconic, core Grade A commercial asset in the heart of the Marina Bay financial district, strengthening the REIT' s position as a dominant landlord in the Core CBD. The property maintains a high committed occupancy of 99.5% as of late 2025, and is anchored by DBS Bank, which provides long-term income stability.
Rental Upside: Current passing rents at MBFC Tower 3 are approximately 10% below the Marina Bay average of S$13.49 psf (as of 3Q 2025). This gap represents an opportunity for positive rent reversion as leases expire and are renewed at higher market rates.
Portfolio Anchoring: The deal increases Keppel REIT' s exposure to Singapore' s prime office sector from 75.8% to 79.0%. Strengthening its core in a stable, low-risk market like Singapore offers a " premium on safety" compared to more volatile overseas assets.
Improved Market Position: Increasing its stake to two-thirds grows Keppel REIT' s total portfolio value to S$11.2 billion. This larger scale enhances the REIT' s market capitalization and trading liquidity, potentially improving its position on the Straits Times Index (STI) reserve list.

While the acquisition is initially expected to be dilutive to Distribution Per Unit (DPU) by roughly 3.6% to 6.4% in the short term, the manager views the move as a rare opportunity to secure an ultra-premium asset that will drive value over a multi-year horizon.

KEPPEL
Lately, the focus is about the preception of KREIT negatives in acquiring of an additional one-third interest in Marina Bay Financial Centre (MBFC) Tower 3 (juz because of a few per cent dpu dilutives) and punishing parent Keppel indirectly for it..... this is a classic case of " Can&rsquo t see the forest for the trees." or should I say, " overlooking the whole plantation for the trees...."

People are so focused on the small, specific details (the " trees" ) that they fail to understand or appreciate the larger situation or " big picture" (the " plantation" ). (But I come to this in details later on,,,, got to trade soon)...

Actually speaking, this is a plantation of durian trees.... and KREIT a is juz a few durian trees.....
' Now, I heard only ah...... Keppel is going to subscribe to it' s 37.9% right of KREIT rights issues. With Keppel' s commitment of its monetisation program, it makes less sense to add more shares to its holding... so, this is what it is likely to do.... giving out the additional KREIT shares (mind you, would cost Keppel a few hundred millions dollars to subscribe) as part of its dividends or special distribution structure.......this will help negate the cost of the subscription..... I already commented earlier, that there is a likely plan of a DIS, but I don' t know which one..... I thought it would be KREIT but I was hoping for KDC .... but with a Keppel divesting KDC, and going to subscribe to ADDITIONAL KREIT... it now make more sense to have kREIT as DIS......
And mind you, it is not going to be peanuts ... you may, again heard from coffee shops only, it may be as much as 25 DIS to every 100 Keppel Shares you own..... still think it is wise to overlook the whole plantation for a few trees? Any way, this is another unbelievable story from the gangsters ..... believe or not believe, up to you....

You are simply amazing for putting in the time and effort to compile the list! Kudos to you.

aragosta ( Date: 17-Dec-2025 00:39) Posted:

After going thru this list (which I stole from the mafia' s bookkeeper) of partnerships, collaborations, JVs, contracts, business ventures of just the PAST FIVE YEARS, I' m feeling very giddy and lost my ability to count.......so could some good bros, count for me, how many businesses/partnerships/JVs etc Keppel had the last five years as compared to Keppel in 2010.......In other words, we want to know in 2010 when Keppel' s share price was at its ATH, how many projects did Keppel had than in 2025.......thank you

===========

Keppel: A Strategic Evolution into a Global Asset Manager and Operator

Keppel has successfully completed a landmark transformation from a conglomerate into a focused global asset manager and operator. Centered on the high-growth pillars of sustainable infrastructure, real estate, and connectivity, this shift was punctuated by the strategic divestment of its telco operations to prioritize capital-heavy projects that meet the urgent global demand for clean energy and digital integration.

Today, Keppel commands a robust portfolio across alternative asset classes, including data centers, infrastructure, education, and senior living. To maintain its competitive edge, the company utilizes Keppel Capital and Keppel Ventures as strategic engines to catalyze innovation. Through these platforms, Keppel leverages venture capital and direct investments to target high-growth startups in PropTech, sustainability, and connectivity, ensuring its solutions remain at the technological forefront.

The company' s momentum is currently propelled by the exponential rise in demand for AI-ready digital infrastructure, subsea fiber networks, and integrated energy solutions. By forming critical global alliances and maintaining a vast ecosystem of joint ventures and established businesses, Keppel is uniquely positioned to capture the shifting tides of the global economy, delivering sustainable value as a specialized, asset-light leader.

Infrastructure and Renewables

Keppel, Advario, Yara (consortium): Developing green ammonia value chains and related infrastructure.
Keppel partnership with AIIB: Mobilizing up to US$1.5 billion by 2030 for sustainable infrastructure investments.
Keppel partnership with AM Green Chemicals: Exploring opportunities in sustainable energy solutions (green hydrogen/ammonia).
Keppel partnership with Asian Development Bank (ADB) and EnterpriseSG: Financing sustainable infrastructure projects and green trade in Asia-Pacific.
Keppel and Cleantech Renewable Assets: Strategic partnership to take full ownership of Cleantech Renewable Assets and bolster energy transition portfolio.
Keppel' s decarbonization and sustainable solutions: Keppel' s infrastructure division focuses on decarbonization and sustainability.
Keppel, EMA, & MPA: Selected to conduct a front-end engineering and design study for an ammonia power generation project.
Keppel joint development with ENGIE: Joint development for low-carbon energy solutions and integrated energy systems in Asia.
Keppel partnering ExxonMobil: Exploring low-carbon ammonia solutions for Singapore.
Keppel and Fred. Olsen Renewables: Partnership related to renewable energy (potentially wind power generation).
Keppel and HSBC: Partnering to create and finance decarbonization solutions.
Keppel Sakra Cogen Plant: Singapore' s first hydrogen-compatible power plant, on track for 1H 2026 operations.
Keppel and JBIC: Collaborating on energy transition and digitalization in Asia, including low-carbon trade and AI-ready data centers.
Keppel and JBM Group: Projecting development of electro-mobility, battery storage (BESS), and e-waste solutions in India.
Keppel and Johnson Controls: Deploying smart building technologies and high-efficiency cooling systems.
Keppel and JTC Corporation: Partnering to advance low-carbon infrastructure on Jurong Island.
Keppel, Mitsui O.S.K. Lines & Chevron: Developing the world' s first ammonia-fueled gas carrier.
Keppel and Ø rsted: Delivering offshore substations for wind farm infrastructure.
Keppel and PUB: Operating the Keppel Marina East Desalination Plant (KMEDP) for Singapore' s water agency.
Keppel Renewable Energy Import: Leading efforts to import 6GW of low-carbon electricity by 2035 from regional partners like Cambodia and Indonesia.
Keppel and Shell: Exploring low-carbon energy hubs Keppel acquired Shell' s remaining stake in Cleantech Solar in 2025.
Keppel and Siemens Energy: Exploring utility-scale direct-ammonia combustion and other low-carbon generation solutions.
Keppel' s SingSpring Desalination Plant Extension: KIT secured a three-year concession and O& M extension with PUB, extending the plant' s operations to 2028.
Keppel and Sumitomo Corporation: Studying the feasibility of ammonia bunkering vessels and fuel applications in Singapore.
Keppel and Tata Power: Providing integrated Energy-as-a-Service (EaaS) and cooling solutions for Indian industrial sectors.
Keppel and Woodside Energy: Exploring energy transition fuels, specifically hydrogen and ammonia.

Connectivity and Digital Solutions

Keppel partnership with AWS: Collaborating on sustainable data centers and global subsea cables.
Keppel' s Bifrost Subsea Cable Systems: Developing the largest capacity high-speed subsea cable across the Pacific (North America to Southeast Asia).
Keppel partnership with Dell Technologies: Collaborating on AI data centers and next-generation ICT platforms.
Keppel' s Floating Data Centers: Developing energy-efficient and sustainable solutions, including a planned floating data center in Singapore.
Keppel collaboration with Huawei: Enhancing energy efficiency for low-carbon data centers and industrial parks.
Keppel collaboration with IMDA: Focusing on digital inclusion and technological innovation initiatives in Singapore.
Keppel and M1' s ICT Services: Retaining the ICT services business (data centers/subsea cables) after divesting M1' s telco operations.
Keppel collaboration with Nokia: Partnering on 5G infrastructure and designing AI-ready data centers with advanced cryptography.
Keppel and SPH (Konnectivity JV): A joint venture focused on leveraging connectivity assets.
Keppel' s Subsea Cable Systems: Developing and operating global subsea cable infrastructure.
Keppel and Sumitomo Corporation: Partnering on global infrastructure and digital connectivity projects.

Asset Management and Real Estate

Keppel and Alpha Investment Partners: Wholly-owned subsidiary managing real estate funds and assets.
Keppel' s Asset Monetization Programs: Ongoing programs to unlock value from non-core assets to fund growth in sustainable urban and digital solutions.
Keppel and CapitaLand India Trust Management: Holding a strategic stake in the entity that manages Indian property trusts.
Keppel and Fifth Wall: Partnership with the largest real estate technology (proptech) venture capital firm.
Keppel Infrastructure Trust (KIT) & Keppel Asia Infrastructure Fund (KAIF): Managed funds that co-invest in global infrastructure (e.g., waste management, wind energy).
Keppel' s Pierfront Capital: Subsidiary specializing in private credit and debt financing for infrastructure projects.
Keppel' s Real Asset Investment: Adding S$1.4 billion in new real estate and digital infrastructure assets to funds under management.
Keppel and REITs: Sponsors of four REITs (Keppel REIT, Keppel DC REIT, Keppel Pacific Oak US REIT, Keppel Infrastructure Trust) focusing on commercial, data center, US commercial, and infrastructure assets respectively.
Keppel' s investments in Venture Capital: Strategic investments in tech startups and funds aligned with core business areas.
Keppel and Vietnamese partnerships: Collaborations supporting infrastructure, real estate, and sustainable development in Vietnam, including EaaS implementation.
Keppel' s Saigon Centre Phase 3 Revival: Keppel is set to revive this S$433.6 million flagship mixed-use project in Ho Chi Minh City, with construction scheduled to begin in late 2026.

Legacy and Restructuring

Keppel' s Asset Co: Legacy uncompleted rigs and assets moved to a separate entity for phased monetization.
Keppel and the Maritime Industry: Full exit from offshore and marine construction (merged into Seatrium), shifting focus to new energy maritime solutions.
Keppel Smit Towage: Retaining interests in and operating essential maritime support services.

Specialized Funds and Investment Strategies

Keppel' s REaaS Model & Strategy: Pivoting to recurring income by offering " Solutions-as-a-Service" (Real Estate, Infrastructure, etc.) through partnerships like Perennial and Sabana REIT.
Keppel Education Asset Fund (KEAF): A specialized fund focused on acquiring and managing education-related real assets.
Keppel Data Centre Fund (KDCF): A dedicated investment vehicle for acquiring and developing global data center assets.
Keppel' s Investment in Cleantech Renewable Assets: Participation in a consortium focused specifically on renewable energy generation assets.
Keppel' s investment in Bifrost Cable System: A strategic asset within Keppel' s connectivity infrastructure fund portfolio.
Keppel' s involvement in Sustainable Urban Renewal (SUR) Strategy: A core strategy focused on retrofitting and transforming existing urban assets into sustainable, high-value spaces.

Key Global Investors and Financial Institutions

European Pension Funds: Major institutional partners providing capital commitments for various Keppel funds.
Global Institutional Investors: Key shareholders and fund backers including Temasek Holdings, BlackRock, Vanguard, sovereign wealth funds, and insurance companies.
PGGM (Dutch Pension Fund Manager): A prominent institutional investor providing capital for Keppel-managed investment vehicles.

Community and Philanthropy and Research

Keppel Caring for the Underprivileged: Pledging funds via Keppel Care Foundation to partners like Dementia Singapore, SPD, and Willing Hearts for social causes and digital inclusion.
Keppel Promoting Education and the Arts: Supporting institutions like SUTD, ITE, and the Esplanade through programs focused on sustainability and technology.
Keppel Protecting the Environment: Funding conservation and environmental initiatives through Gardens by the Bay, Mandai Nature, and the Singapore Environment Council.
Keppel' s Research Partnerships with NUS and NTU: R& D collaborations focused on innovation, including studies on floating hybrid renewable energy systems.

After going thru this list (which I stole from the mafia' s bookkeeper) of partnerships, collaborations, JVs, contracts, business ventures of just the PAST FIVE YEARS, I' m feeling very giddy and lost my ability to count.......so could some good bros, count for me, how many businesses/partnerships/JVs etc Keppel had the last five years as compared to Keppel in 2010.......In other words, we want to know in 2010 when Keppel' s share price was at its ATH, how many projects did Keppel had than in 2025.......thank you

===========

Keppel: A Strategic Evolution into a Global Asset Manager and Operator

Keppel has successfully completed a landmark transformation from a conglomerate into a focused global asset manager and operator. Centered on the high-growth pillars of sustainable infrastructure, real estate, and connectivity, this shift was punctuated by the strategic divestment of its telco operations to prioritize capital-heavy projects that meet the urgent global demand for clean energy and digital integration.

Today, Keppel commands a robust portfolio across alternative asset classes, including data centers, infrastructure, education, and senior living. To maintain its competitive edge, the company utilizes Keppel Capital and Keppel Ventures as strategic engines to catalyze innovation. Through these platforms, Keppel leverages venture capital and direct investments to target high-growth startups in PropTech, sustainability, and connectivity, ensuring its solutions remain at the technological forefront.

The company' s momentum is currently propelled by the exponential rise in demand for AI-ready digital infrastructure, subsea fiber networks, and integrated energy solutions. By forming critical global alliances and maintaining a vast ecosystem of joint ventures and established businesses, Keppel is uniquely positioned to capture the shifting tides of the global economy, delivering sustainable value as a specialized, asset-light leader.

Infrastructure and Renewables

Keppel, Advario, Yara (consortium): Developing green ammonia value chains and related infrastructure.
Keppel partnership with AIIB: Mobilizing up to US$1.5 billion by 2030 for sustainable infrastructure investments.
Keppel partnership with AM Green Chemicals: Exploring opportunities in sustainable energy solutions (green hydrogen/ammonia).
Keppel partnership with Asian Development Bank (ADB) and EnterpriseSG: Financing sustainable infrastructure projects and green trade in Asia-Pacific.
Keppel and Cleantech Renewable Assets: Strategic partnership to take full ownership of Cleantech Renewable Assets and bolster energy transition portfolio.
Keppel' s decarbonization and sustainable solutions: Keppel' s infrastructure division focuses on decarbonization and sustainability.
Keppel, EMA, & MPA: Selected to conduct a front-end engineering and design study for an ammonia power generation project.
Keppel joint development with ENGIE: Joint development for low-carbon energy solutions and integrated energy systems in Asia.
Keppel partnering ExxonMobil: Exploring low-carbon ammonia solutions for Singapore.
Keppel and Fred. Olsen Renewables: Partnership related to renewable energy (potentially wind power generation).
Keppel and HSBC: Partnering to create and finance decarbonization solutions.
Keppel Sakra Cogen Plant: Singapore' s first hydrogen-compatible power plant, on track for 1H 2026 operations.
Keppel and JBIC: Collaborating on energy transition and digitalization in Asia, including low-carbon trade and AI-ready data centers.
Keppel and JBM Group: Projecting development of electro-mobility, battery storage (BESS), and e-waste solutions in India.
Keppel and Johnson Controls: Deploying smart building technologies and high-efficiency cooling systems.
Keppel and JTC Corporation: Partnering to advance low-carbon infrastructure on Jurong Island.
Keppel, Mitsui O.S.K. Lines & Chevron: Developing the world' s first ammonia-fueled gas carrier.
Keppel and Ø rsted: Delivering offshore substations for wind farm infrastructure.
Keppel and PUB: Operating the Keppel Marina East Desalination Plant (KMEDP) for Singapore' s water agency.
Keppel Renewable Energy Import: Leading efforts to import 6GW of low-carbon electricity by 2035 from regional partners like Cambodia and Indonesia.
Keppel and Shell: Exploring low-carbon energy hubs Keppel acquired Shell' s remaining stake in Cleantech Solar in 2025.
Keppel and Siemens Energy: Exploring utility-scale direct-ammonia combustion and other low-carbon generation solutions.
Keppel' s SingSpring Desalination Plant Extension: KIT secured a three-year concession and O& M extension with PUB, extending the plant' s operations to 2028.
Keppel and Sumitomo Corporation: Studying the feasibility of ammonia bunkering vessels and fuel applications in Singapore.
Keppel and Tata Power: Providing integrated Energy-as-a-Service (EaaS) and cooling solutions for Indian industrial sectors.
Keppel and Woodside Energy: Exploring energy transition fuels, specifically hydrogen and ammonia.

Connectivity and Digital Solutions

Keppel partnership with AWS: Collaborating on sustainable data centers and global subsea cables.
Keppel' s Bifrost Subsea Cable Systems: Developing the largest capacity high-speed subsea cable across the Pacific (North America to Southeast Asia).
Keppel partnership with Dell Technologies: Collaborating on AI data centers and next-generation ICT platforms.
Keppel' s Floating Data Centers: Developing energy-efficient and sustainable solutions, including a planned floating data center in Singapore.
Keppel collaboration with Huawei: Enhancing energy efficiency for low-carbon data centers and industrial parks.
Keppel collaboration with IMDA: Focusing on digital inclusion and technological innovation initiatives in Singapore.
Keppel and M1' s ICT Services: Retaining the ICT services business (data centers/subsea cables) after divesting M1' s telco operations.
Keppel collaboration with Nokia: Partnering on 5G infrastructure and designing AI-ready data centers with advanced cryptography.
Keppel and SPH (Konnectivity JV): A joint venture focused on leveraging connectivity assets.
Keppel' s Subsea Cable Systems: Developing and operating global subsea cable infrastructure.
Keppel and Sumitomo Corporation: Partnering on global infrastructure and digital connectivity projects.

Asset Management and Real Estate

Keppel and Alpha Investment Partners: Wholly-owned subsidiary managing real estate funds and assets.
Keppel' s Asset Monetization Programs: Ongoing programs to unlock value from non-core assets to fund growth in sustainable urban and digital solutions.
Keppel and CapitaLand India Trust Management: Holding a strategic stake in the entity that manages Indian property trusts.
Keppel and Fifth Wall: Partnership with the largest real estate technology (proptech) venture capital firm.
Keppel Infrastructure Trust (KIT) & Keppel Asia Infrastructure Fund (KAIF): Managed funds that co-invest in global infrastructure (e.g., waste management, wind energy).
Keppel' s Pierfront Capital: Subsidiary specializing in private credit and debt financing for infrastructure projects.
Keppel' s Real Asset Investment: Adding S$1.4 billion in new real estate and digital infrastructure assets to funds under management.
Keppel and REITs: Sponsors of four REITs (Keppel REIT, Keppel DC REIT, Keppel Pacific Oak US REIT, Keppel Infrastructure Trust) focusing on commercial, data center, US commercial, and infrastructure assets respectively.
Keppel' s investments in Venture Capital: Strategic investments in tech startups and funds aligned with core business areas.
Keppel and Vietnamese partnerships: Collaborations supporting infrastructure, real estate, and sustainable development in Vietnam, including EaaS implementation.
Keppel' s Saigon Centre Phase 3 Revival: Keppel is set to revive this S$433.6 million flagship mixed-use project in Ho Chi Minh City, with construction scheduled to begin in late 2026.

Legacy and Restructuring

Keppel' s Asset Co: Legacy uncompleted rigs and assets moved to a separate entity for phased monetization.
Keppel and the Maritime Industry: Full exit from offshore and marine construction (merged into Seatrium), shifting focus to new energy maritime solutions.
Keppel Smit Towage: Retaining interests in and operating essential maritime support services.

Specialized Funds and Investment Strategies

Keppel' s REaaS Model & Strategy: Pivoting to recurring income by offering " Solutions-as-a-Service" (Real Estate, Infrastructure, etc.) through partnerships like Perennial and Sabana REIT.
Keppel Education Asset Fund (KEAF): A specialized fund focused on acquiring and managing education-related real assets.
Keppel Data Centre Fund (KDCF): A dedicated investment vehicle for acquiring and developing global data center assets.
Keppel' s Investment in Cleantech Renewable Assets: Participation in a consortium focused specifically on renewable energy generation assets.
Keppel' s investment in Bifrost Cable System: A strategic asset within Keppel' s connectivity infrastructure fund portfolio.
Keppel' s involvement in Sustainable Urban Renewal (SUR) Strategy: A core strategy focused on retrofitting and transforming existing urban assets into sustainable, high-value spaces.

Key Global Investors and Financial Institutions

European Pension Funds: Major institutional partners providing capital commitments for various Keppel funds.
Global Institutional Investors: Key shareholders and fund backers including Temasek Holdings, BlackRock, Vanguard, sovereign wealth funds, and insurance companies.
PGGM (Dutch Pension Fund Manager): A prominent institutional investor providing capital for Keppel-managed investment vehicles.

Community and Philanthropy and Research

Keppel Caring for the Underprivileged: Pledging funds via Keppel Care Foundation to partners like Dementia Singapore, SPD, and Willing Hearts for social causes and digital inclusion.
Keppel Promoting Education and the Arts: Supporting institutions like SUTD, ITE, and the Esplanade through programs focused on sustainability and technology.
Keppel Protecting the Environment: Funding conservation and environmental initiatives through Gardens by the Bay, Mandai Nature, and the Singapore Environment Council.
Keppel' s Research Partnerships with NUS and NTU: R& D collaborations focused on innovation, including studies on floating hybrid renewable energy systems.

As they said, do not leave any stone unturned .... and so I turn here, more stones for you..... are these all? You got to make it a habit of coming here to check.... but the point I' m making is, 10 years ago, most of these stiffs, covered in the three posts, were nowhere to be found in Keppel....and if prices were $11, $12 then....( some oven claimed they bought at $14, $15 wor......don' t know how true)..... then today' s price looks remarkably cheap, with all the showpieces I listed here ...

STILL think $15 is not possible?.... well, as I said there' s a very important restructuring process by Temasek in April 2026, it will tell how fast or how far Keppel will go....... got a feeling $15 may be too cheap, if what I heard is going to be true....all I can say is, it could be another " mini-DBS" in the making..... remember, Midas-touch Man, Gupta, is not in Keppel to make up the numbers..... he' s there for a " BlackRock" reason.....

KEPPEL
In addition to the extensive list of partnerships, joint ventures, and investments provided in the two posts below, Keppel Ltd. has various other established businesses and several other collaborations (not listed here) as part of its strategy as a global asset manager and operator focused on sustainable solutions.

Key additional established businesses, partnerships, JVs, and investments include:

Infrastructure and Renewables

Keppel and Fred. Olsen Renewables: Acquired interests in European onshore and offshore wind energy assets.
Keppel Infrastructure Trust (KIT) & Keppel Asia Infrastructure Fund (KAIF):Frequently co-invest with managed funds and trusts. Joint acquisitions include South Korean waste management company Eco Management Korea Holdings (EMK) and interests in European wind energy assets. KIT serves as a key vehicle for capital recycling, allowing Keppel Ltd. to monetize mature infrastructure assets and reinvest the proceeds into new growth areas while earning stable management fees.
Keppel and PUB: Awarded a contract by PUB to design, build, own, and operate the
Keppel Marina East Desalination Plant (KMEDP).
Keppel, EMA, & MPA: A Keppel-led consortium was selected to conduct a front-end engineering and design study for an end-to-end ammonia power generation project on Jurong Island.
Keppel and Advario, Yara (consortium): This consortium was appointed for a further study on Singapore' s first low-carbon ammonia power generation and bunkering solution on Jurong Island.
Keppel and Shell: A Keppel-led consortium has completed the acquisition of the remaining 49% stake in Cleantech Renewable Assets (CRA) from Shell Singapore, achieving full ownership. CRA focuses on solar and wind projects in the C& I segment across India and Southeast Asia.
Keppel and Sumitomo Corporation: A Memorandum of Understanding (MOU) was signed to explore the feasibility of ammonia fuel applications in Singapore, including developing an ammonia bunkering vessel.
Keppel and Ø rsted: Keppel built and delivered offshore substations for Ø rsted' s wind farms, demonstrating capabilities in offshore renewables infrastructure.
Keppel' s Renewable Energy Import: Keppel is a frontrunner in Singapore' s plan to import 6 gigawatts of low-carbon electricity by 2035, having secured conditional approvals for projects in Cambodia and Indonesia.
Keppel&rsquo s Hydrogen-compatible Power Plant: The Keppel Sakura Cogen Plant. Singapore' s first hydrogen-compatible gas turbine plant, is on track to begin operations in the first half of 2026.

Connectivity and Digital Solutions

Keppel and SPH (Konnectivity JV): A joint venture via Konnectivity for subsea cable systems, including the Bifrost cable system.
Keppel and M1' s ICT Services: Keppel has divested M1' s telco business to Simba Telecom but retains M1' s ICT (Information and Communications Technology) services business, which includes data centers and subsea cables.
Keppel' s Subsea Cable Systems: Keppel is expanding its subsea cable network. The 20,000km Bifrost Cable System connecting Singapore to North America achieved " Ready for Service" status in October 2025 and will begin carrying commercial traffic in the coming weeks.
Keppel' s Floating Data Centers: Keppel is developing energy-efficient and sustainable data center solutions, including a planned floating data center project in Singapore.

Asset Management and Real Estate

Keppel and Alpha Investment Partners: Alpha Investment Partners is a wholly-owned subsidiary of Keppel.
Keppel and CapitaLand India Trust Management: Keppel holds a stake in this entity, which manages real estate trusts in India.
Keppel and Fifth Wall: Keppel is a strategic limited partner in Fifth Wall Ventures Fund II, a major venture capital fund focused on PropTech (technology for the built world).
Keppel' s Pierfront Capital: Keppel consolidated 100% ownership of Keppel Credit Fund Management (formerly Pierfront Capital Fund Management), a private debt platform, to expand in the Asian private debt space.
Keppel' s Real Asset Investment: Keppel is adding S$1.4 billion in new real estate and digital infrastructure assets to its funds under management, focusing on sustainable and real asset investments.
Keppel and REITs: Keppel sponsors four REITs and Business Trusts focusing on different asset classes:
- Keppel REIT: Focuses on commercial properties.
- Keppel DC REIT: Focuses on data centers, contributing significantly to Keppel' s overall Assets Under Management (AUM) and increasing its fee-based income streams.
- Keppel Pacific Oak US REIT (KORE): Focuses on US commercial properties, managed by a joint venture between Keppel and KORE Pacific Advisors.
- Keppel Infrastructure Trust: Focuses on infrastructure assets.

Legacy and Restructuring

Keppel and the Maritime Industry: Keppel has exited its offshore and marine construction business (now part of Seatrium) but remains involved in new energy maritime partnerships, such as a consortium exploring the world' s first ammonia-fueled gas carrier and an autonomous vessel project.
Keppel' s Asset Co: As part of the O& M restructuring, legacy uncompleted rigs were moved to a separate Asset Co, majority-owned by external investors including Temasek. Seatrium provides construction and maintenance services for these rigs for an initial 10 years.

aragosta ( Date: 26-Nov-2025 16:11) Posted:

Already warned you, if you think what the below post is all KEPPEL got.....
I think you going to get dizzy reading thru this..... not, if you are a serious long term investor to understand why one day fifteen is very possible....... look out for the the major restructuring in April 2026.......

KEPPEL

Keppel has successfully positioned itself as a global asset manager and operator, and has made several strategic moves to expand its asset management capabilities by cultivating an extensive network of key partnerships with financial institutions and global investors. Through a combination of strategic acquisitions, joint ventures, and capital raising efforts, the company has secured investments from diverse institutional funds, including sovereign wealth funds, pension funds, insurance companies, and endowment funds and multilateral development banks.

Keppel' s financial sector engagements are detailed below, categorized by key partners and initiatives:

Strategic Acquisitions and Partnerships

Aermont Capital Acquisition: In a move to expand its asset management footprint into Europe, Keppel acquired an initial 50% stake in a leading European real estate manager Aermont Capital in April 2024, with a commitment to acquire the remainder in 2028. This acquisition significantly boosts Keppel' s funds under management (FUM) and adds a premium network of over 50 global blue-chip limited partners (LPs). This acquisition is crucial for expanding Keppel' s asset management capabilities and access to blue-chip Limited Partners beyond Asia-Pacific into Europe.
Australian Unity Joint Venture: Keppel Capital established a 50:50 joint venture (JV) with Australian Unity, a leading Australian wealth and property management company, to to deepen its footprint in Australia, a key market for infrastructure and real estate. The JV acquired Australian Unity Investment Real Estate Limited (AUIREL), leveraging Keppel' s access to institutional capital to support growth.
Keppel Credit Fund Management: Keppel consolidated 100% ownership of Keppel Credit Fund Management (formerly Pierfront Capital Fund Management). This move strengthens Keppel' s position in the private debt space, which has seen significant growth in Asia-Pacific.
Smartworks: Keppel has invested in Smartworks, a leading provider of flexible workspace solutions across major cities in India, catering primarily to large multinational and established companies.
Cove: Keppel is a lead and strategic investor in Cove, one of Southeast Asia' s fastest-growing co-living companies that uses technology to offer flexible and hassle-free accommodation to young professionals and students.
Sino-Singapore Tianjin Eco-City Investment and Development Co., Ltd (SSTEC): 50-50 joint venture (Keppel leads Singapore consortium) acting as master developer for a large-scale sustainable urban development project.
Envision Group / Envision AESC: Direct investment in EV battery leader Envision AESC broader collaboration with the Envision Group on green technology development.

Key Global Investors and Financial Institutions

Asian Infrastructure Investment Bank (AIIB): A strategic partnership with the AIIB was established to mobilize up to $1.5 billion for sustainable infrastructure projects across the Asia Pacific region, focusing on power, renewable energy, and digital infrastructure. This includes investments in funds like the Keppel-Pierfront Private Credit Fund and the Keppel Asia Infrastructure Fund.
European Pension Funds: Keppel has secured capital commitments from several European pension funds, including one of Europe' s largest, for its Sustainable Urban Renewal (SUR) strategy.
PGGM (Dutch Pension Fund Manager): In 2021, Alpha Investment Partners (part of Keppel Capital) secured a S$360 million mandate from PGGM, highlighting Keppel' s appeal to renowned pension funds.
Global Institutional Investors: Global institutional investors, including sovereign wealth funds, pension funds, insurance companies, and endowment funds, consistently provide capital commitments for various Keppel-managed funds. Key institutional shareholders include Temasek Holdings, BlackRock, and The Vanguard Group.
Asian Development Bank (ADB) and EnterpriseSG: Keppel is partnering with the ADB and Enterprise Singapore to explore projects in clean energy transition and other environmental areas in the Asia-Pacific.
Venture Capital: Keppel has invested in Fifth Wall, one of the world' s largest venture capital funds focused on technology for the built world.
HSBC: Keppel and HSBC have a partnership focused on creating decarbonization solutions.

Specialized Funds and Investment Strategies

Keppel' s Business Model (REaaS) and Strategy: Keppel' s core strategy centers on real estate-as-a-service (REaaS) and alternative assets. It uses technology and sustainability to connect investors with high-growth real assets. The REaaS model offers comprehensive, subscription-based solutions (asset enhancement, smart infrastructure, efficient operations) to commercial property owners without initial client capital expenditure (capex), driven by smart tech, IoT, and AI. Keppel has forged strategic partnerships to implement its REaaS solutions and expand its alternative asset portfolio:
- ~ Perennial Holdings Private Limited: A S$50 million energy-as-a-service (EaaS) contract for solar and EV chargers at Perennial Business City (Singapore), with expansion planned for China.
- ~ Sabana Industrial REIT: Agreements to implement sustainability solutions (solar, EV chargers) across properties to support a 2040 carbon neutrality goal.
- ~ Global Power Synergy Public Company Limited (GPSC): A joint venture to develop and expand cooling-as-a-service (CaaS) and other energy solutions in Thailand.
- ~ Amazon Web Services (AWS): Collaboration on critical digital infrastructure (data centers, subsea cables), positioning Keppel as an ecosystem partner for global cloud players.
Specific Fund Investors:
- ~ Keppel Education Asset Fund (KEAF): The second fund in this series, KEAF II, secured capital commitments from a returning sovereign wealth fund, as well as new limited partners from the insurance, pension, and endowment sectors.
- ~ Keppel Data Centre Fund (KDCF): Keppel' s third data center fund, KDCF III, achieved a first close with capital commitments from various global institutional investors, to invest in sustainable data centers in Asia-Pacific.
- ~ Cleantech Renewable Assets: Keppel, along with its private fund KAIF consortium, acquired a majority stake in Cleantech Renewable Assets, a deal supported by global institutional investors.
- ~ Bifrost Cable System: Keppel secured private investors to invest in a portion of its stake in the Bifrost subsea cable system.
- ~ Sustainable Urban Renewal (SUR) Strategy: This strategy has secured capital commitments from a range of investors, including one of Europe' s largest pension funds.

aragosta ( Date: 25-Nov-2025 08:17) Posted:

if you are wondering where' s the earnings, the profits, your dividends come from , why people are still buying, hence the capital gains .........
And if you think this is all, you need to keep reading.... but rthey are for only for the loyal, serious long term investors..... otherwise, everything that is posted here looks like Greek to you, and you will find this place very boring..........

KEPPELe
Here is an overview of notable Keppel' s strategic partnerships and collaborations in energy transition and technology, digital connectivity, and sustainable urban solutions and infrastructure, and AI

Keppel' s growth is driven by the increasing demand for digital infrastructure that it specializes in, particularly data centers, subsea cables, and energy solutions. The company has formed key alliances to position itself at the forefront of AI infrastructure development.

Keppel and AWS: The partnership is a strategic framework agreement to collaborate on sustainable data centers and subsea cables globally. A key focus is the development of an AI Platform using AWS services to accelerate Keppel' s growth strategy. Keppel is also developing the Bifrost Cable System, which is the largest capacity high-speed transmission cable across the Pacific Ocean.
Keppel and Huawei: The companies have signed a Memorandum of Understanding (MOU) to collaborate on renewable energy solutions, including photovoltaic (PV) systems and Battery Energy Storage Systems (BESS). This partnership aims to enhance energy efficiency and stability for low-carbon data centers and industrial parks, with projects covering ASEAN power grids.
Keppel and JBM Group: Keppel and JBM Group are working together on projects related to electro-mobility, BESS, and e-waste solutions in India. They are conducting feasibility studies for EV charging networks, electro-mobility hubs, and resource recovery facilities to support the electrification of transport infrastructure.
Keppel and Tata Power: Keppel, along with Tata Power subsidiaries, is providing integrated Energy-as-a-Service (EaaS) solutions for decarbonizing energy-intensive sectors in India, such as data centers and industrial parks. These solutions will integrate AI and IoT to improve energy efficiency. Keppel has also secured its first Cooling-as-a-Service (CaaS) contract in India with Nucleus Office Parks.
Keppel and AM Green: Keppel partnered with AM Green Chemicals, a company promoted by Greenko Group shareholders, to explore the production of biogenic carbon-based green molecules (sustainable fuels) in Asia and the Middle East.
Keppel and Woodside Energy: The companies have signed a conditional Offtake Term Sheet for the supply and purchase of liquid hydrogen to power Keppel' s data centers in Singapore. This follows a previous agreement that referenced a potential purchase of up to 1,000 tonnes per day of liquid hydrogen as early as 2030.
Keppel and Nokia: Keppel and Nokia signed an MOU to enhance AI data center innovation and security. The collaboration includes designing AI-ready data centers and addressing quantum threats through post-quantum cryptography. Keppel' s Connectivity Division provides expertise in GenAI and hybrid cloud management for the partnership.
Keppel and AIIB: This partnership aims to mobilize up to US$1.5 billion by 2030 to fund sustainable infrastructure projects in the Asia-Pacific. The investment will target green infrastructure, regional connectivity, and technology-driven solutions, including those that support the " AI wave"
Keppel and Johnson Controls: The collaboration involves deploying advanced cooling systems in buildings that incorporate high-efficiency chillers, IoT-based monitoring, and AI-powered controls to optimize energy use.
Keppel, NUS, and NTU: Keppel Infrastructure is working with the National University of Singapore (NUS) and Nanyang Technological University (NTU) on research partnerships. This includes a study on the feasibility of developing a floating hybrid renewable energy system in Singapore.
Keppel and JBIC: Keppel and the Japan Bank for International Cooperation (JBIC) signed an MOU to collaborate on energy transition and digitalization opportunities in Asia. The partnership focuses on projects such as cross-border low-carbon electricity trade in ASEAN, clean energy projects involving hydrogen and ammonia, and the development of AI-ready data centers.
Keppel and Dell Technologies: Signed a partnership in September 2025 to collaborate on data centers and AI platform investments across Asia. This involves incorporating Keppel' s green technologies into facilities and developing industry-specific AI platforms for sectors like healthcare and financial services.
Keppel and ENGIE: In October 2025, the companies signed an MOU to jointly explore and develop innovative low-carbon energy solutions across the Asia-Pacific region, including optimizing energy systems, expanding renewable power purchase agreements, and fostering innovation for hard-to-abate sectors.
Keppel and Siemens Energy: The companies are collaborating to explore low-carbon power generation solutions as part of the broader energy transition, focusing on sustainable energy systems for the future.
Keppel and ExxonMobil: The two firms are exploring low-carbon ammonia solutions for Singapore, focusing on developing new energy value chains for a lower-carbon future.
Keppel and Mitsui O.S.K. Lines (MOL) / Chevron: Keppel is part of a consortium with MOL and Chevron that has been appointed to develop the world' s first ammonia-fueled gas carrier, a major step in the decarbonization of the maritime industry.
Keppel and IMDA: Through its philanthropic arm, the Keppel Care Foundation, Keppel is collaborating with IMDA in support of Singapore' a " Digital for Life" movement, focusing on digital inclusion, literacy, and wellness, as well as donating refurbished laptops to vulnerable communities.
Keppel and various Vietnamese partners: Keppel has signed MOUs with partners such as Filmore Development, Thanh Dat, and Alphanam Group to explore the implementation of EaaS (Energy-as-a-Service) in Vietnam, including cooling, solar PV systems, and EV charging solutions.

These collaborations underscore Keppel' s extensive strategy to leverage global partnerships in driving sustainable and technology-enabled infrastructure development.
IS THIS ALL? Wait la....... make money must be patient....

I am all in, my retirement good or not good depends on Keppel, looking forward to $15, hope it doesn' t take too long.

Already warned you, if you think what the below post is all KEPPEL got.....
I think you going to get dizzy reading thru this..... not, if you are a serious long term investor to understand why one day fifteen is very possible....... look out for the the major restructuring in April 2026.......

KEPPEL

Keppel has successfully positioned itself as a global asset manager and operator, and has made several strategic moves to expand its asset management capabilities by cultivating an extensive network of key partnerships with financial institutions and global investors. Through a combination of strategic acquisitions, joint ventures, and capital raising efforts, the company has secured investments from diverse institutional funds, including sovereign wealth funds, pension funds, insurance companies, and endowment funds and multilateral development banks.

Keppel' s financial sector engagements are detailed below, categorized by key partners and initiatives:

Strategic Acquisitions and Partnerships

Aermont Capital Acquisition: In a move to expand its asset management footprint into Europe, Keppel acquired an initial 50% stake in a leading European real estate manager Aermont Capital in April 2024, with a commitment to acquire the remainder in 2028. This acquisition significantly boosts Keppel' s funds under management (FUM) and adds a premium network of over 50 global blue-chip limited partners (LPs). This acquisition is crucial for expanding Keppel' s asset management capabilities and access to blue-chip Limited Partners beyond Asia-Pacific into Europe.
Australian Unity Joint Venture: Keppel Capital established a 50:50 joint venture (JV) with Australian Unity, a leading Australian wealth and property management company, to to deepen its footprint in Australia, a key market for infrastructure and real estate. The JV acquired Australian Unity Investment Real Estate Limited (AUIREL), leveraging Keppel' s access to institutional capital to support growth.
Keppel Credit Fund Management: Keppel consolidated 100% ownership of Keppel Credit Fund Management (formerly Pierfront Capital Fund Management). This move strengthens Keppel' s position in the private debt space, which has seen significant growth in Asia-Pacific.
Smartworks: Keppel has invested in Smartworks, a leading provider of flexible workspace solutions across major cities in India, catering primarily to large multinational and established companies.
Cove: Keppel is a lead and strategic investor in Cove, one of Southeast Asia' s fastest-growing co-living companies that uses technology to offer flexible and hassle-free accommodation to young professionals and students.
Sino-Singapore Tianjin Eco-City Investment and Development Co., Ltd (SSTEC): 50-50 joint venture (Keppel leads Singapore consortium) acting as master developer for a large-scale sustainable urban development project.
Envision Group / Envision AESC: Direct investment in EV battery leader Envision AESC broader collaboration with the Envision Group on green technology development.

Key Global Investors and Financial Institutions

Asian Infrastructure Investment Bank (AIIB): A strategic partnership with the AIIB was established to mobilize up to $1.5 billion for sustainable infrastructure projects across the Asia Pacific region, focusing on power, renewable energy, and digital infrastructure. This includes investments in funds like the Keppel-Pierfront Private Credit Fund and the Keppel Asia Infrastructure Fund.
European Pension Funds: Keppel has secured capital commitments from several European pension funds, including one of Europe' s largest, for its Sustainable Urban Renewal (SUR) strategy.
PGGM (Dutch Pension Fund Manager): In 2021, Alpha Investment Partners (part of Keppel Capital) secured a S$360 million mandate from PGGM, highlighting Keppel' s appeal to renowned pension funds.
Global Institutional Investors: Global institutional investors, including sovereign wealth funds, pension funds, insurance companies, and endowment funds, consistently provide capital commitments for various Keppel-managed funds. Key institutional shareholders include Temasek Holdings, BlackRock, and The Vanguard Group.
Asian Development Bank (ADB) and EnterpriseSG: Keppel is partnering with the ADB and Enterprise Singapore to explore projects in clean energy transition and other environmental areas in the Asia-Pacific.
Venture Capital: Keppel has invested in Fifth Wall, one of the world' s largest venture capital funds focused on technology for the built world.
HSBC: Keppel and HSBC have a partnership focused on creating decarbonization solutions.

Specialized Funds and Investment Strategies

Keppel' s Business Model (REaaS) and Strategy: Keppel' s core strategy centers on real estate-as-a-service (REaaS) and alternative assets. It uses technology and sustainability to connect investors with high-growth real assets. The REaaS model offers comprehensive, subscription-based solutions (asset enhancement, smart infrastructure, efficient operations) to commercial property owners without initial client capital expenditure (capex), driven by smart tech, IoT, and AI. Keppel has forged strategic partnerships to implement its REaaS solutions and expand its alternative asset portfolio:
- ~ Perennial Holdings Private Limited: A S$50 million energy-as-a-service (EaaS) contract for solar and EV chargers at Perennial Business City (Singapore), with expansion planned for China.
- ~ Sabana Industrial REIT: Agreements to implement sustainability solutions (solar, EV chargers) across properties to support a 2040 carbon neutrality goal.
- ~ Global Power Synergy Public Company Limited (GPSC): A joint venture to develop and expand cooling-as-a-service (CaaS) and other energy solutions in Thailand.
- ~ Amazon Web Services (AWS): Collaboration on critical digital infrastructure (data centers, subsea cables), positioning Keppel as an ecosystem partner for global cloud players.
Specific Fund Investors:
- ~ Keppel Education Asset Fund (KEAF): The second fund in this series, KEAF II, secured capital commitments from a returning sovereign wealth fund, as well as new limited partners from the insurance, pension, and endowment sectors.
- ~ Keppel Data Centre Fund (KDCF): Keppel' s third data center fund, KDCF III, achieved a first close with capital commitments from various global institutional investors, to invest in sustainable data centers in Asia-Pacific.
- ~ Cleantech Renewable Assets: Keppel, along with its private fund KAIF consortium, acquired a majority stake in Cleantech Renewable Assets, a deal supported by global institutional investors.
- ~ Bifrost Cable System: Keppel secured private investors to invest in a portion of its stake in the Bifrost subsea cable system.
- ~ Sustainable Urban Renewal (SUR) Strategy: This strategy has secured capital commitments from a range of investors, including one of Europe' s largest pension funds.

aragosta ( Date: 25-Nov-2025 08:17) Posted:

if you are wondering where' s the earnings, the profits, your dividends come from , why people are still buying, hence the capital gains .........
And if you think this is all, you need to keep reading.... but rthey are for only for the loyal, serious long term investors..... otherwise, everything that is posted here looks like Greek to you, and you will find this place very boring..........

KEPPELe
Here is an overview of notable Keppel' s strategic partnerships and collaborations in energy transition and technology, digital connectivity, and sustainable urban solutions and infrastructure, and AI

Keppel' s growth is driven by the increasing demand for digital infrastructure that it specializes in, particularly data centers, subsea cables, and energy solutions. The company has formed key alliances to position itself at the forefront of AI infrastructure development.

Keppel and AWS: The partnership is a strategic framework agreement to collaborate on sustainable data centers and subsea cables globally. A key focus is the development of an AI Platform using AWS services to accelerate Keppel' s growth strategy. Keppel is also developing the Bifrost Cable System, which is the largest capacity high-speed transmission cable across the Pacific Ocean.
Keppel and Huawei: The companies have signed a Memorandum of Understanding (MOU) to collaborate on renewable energy solutions, including photovoltaic (PV) systems and Battery Energy Storage Systems (BESS). This partnership aims to enhance energy efficiency and stability for low-carbon data centers and industrial parks, with projects covering ASEAN power grids.
Keppel and JBM Group: Keppel and JBM Group are working together on projects related to electro-mobility, BESS, and e-waste solutions in India. They are conducting feasibility studies for EV charging networks, electro-mobility hubs, and resource recovery facilities to support the electrification of transport infrastructure.
Keppel and Tata Power: Keppel, along with Tata Power subsidiaries, is providing integrated Energy-as-a-Service (EaaS) solutions for decarbonizing energy-intensive sectors in India, such as data centers and industrial parks. These solutions will integrate AI and IoT to improve energy efficiency. Keppel has also secured its first Cooling-as-a-Service (CaaS) contract in India with Nucleus Office Parks.
Keppel and AM Green: Keppel partnered with AM Green Chemicals, a company promoted by Greenko Group shareholders, to explore the production of biogenic carbon-based green molecules (sustainable fuels) in Asia and the Middle East.
Keppel and Woodside Energy: The companies have signed a conditional Offtake Term Sheet for the supply and purchase of liquid hydrogen to power Keppel' s data centers in Singapore. This follows a previous agreement that referenced a potential purchase of up to 1,000 tonnes per day of liquid hydrogen as early as 2030.
Keppel and Nokia: Keppel and Nokia signed an MOU to enhance AI data center innovation and security. The collaboration includes designing AI-ready data centers and addressing quantum threats through post-quantum cryptography. Keppel' s Connectivity Division provides expertise in GenAI and hybrid cloud management for the partnership.
Keppel and AIIB: This partnership aims to mobilize up to US$1.5 billion by 2030 to fund sustainable infrastructure projects in the Asia-Pacific. The investment will target green infrastructure, regional connectivity, and technology-driven solutions, including those that support the " AI wave"
Keppel and Johnson Controls: The collaboration involves deploying advanced cooling systems in buildings that incorporate high-efficiency chillers, IoT-based monitoring, and AI-powered controls to optimize energy use.
Keppel, NUS, and NTU: Keppel Infrastructure is working with the National University of Singapore (NUS) and Nanyang Technological University (NTU) on research partnerships. This includes a study on the feasibility of developing a floating hybrid renewable energy system in Singapore.
Keppel and JBIC: Keppel and the Japan Bank for International Cooperation (JBIC) signed an MOU to collaborate on energy transition and digitalization opportunities in Asia. The partnership focuses on projects such as cross-border low-carbon electricity trade in ASEAN, clean energy projects involving hydrogen and ammonia, and the development of AI-ready data centers.
Keppel and Dell Technologies: Signed a partnership in September 2025 to collaborate on data centers and AI platform investments across Asia. This involves incorporating Keppel' s green technologies into facilities and developing industry-specific AI platforms for sectors like healthcare and financial services.
Keppel and ENGIE: In October 2025, the companies signed an MOU to jointly explore and develop innovative low-carbon energy solutions across the Asia-Pacific region, including optimizing energy systems, expanding renewable power purchase agreements, and fostering innovation for hard-to-abate sectors.
Keppel and Siemens Energy: The companies are collaborating to explore low-carbon power generation solutions as part of the broader energy transition, focusing on sustainable energy systems for the future.
Keppel and ExxonMobil: The two firms are exploring low-carbon ammonia solutions for Singapore, focusing on developing new energy value chains for a lower-carbon future.
Keppel and Mitsui O.S.K. Lines (MOL) / Chevron: Keppel is part of a consortium with MOL and Chevron that has been appointed to develop the world' s first ammonia-fueled gas carrier, a major step in the decarbonization of the maritime industry.
Keppel and IMDA: Through its philanthropic arm, the Keppel Care Foundation, Keppel is collaborating with IMDA in support of Singapore' a " Digital for Life" movement, focusing on digital inclusion, literacy, and wellness, as well as donating refurbished laptops to vulnerable communities.
Keppel and various Vietnamese partners: Keppel has signed MOUs with partners such as Filmore Development, Thanh Dat, and Alphanam Group to explore the implementation of EaaS (Energy-as-a-Service) in Vietnam, including cooling, solar PV systems, and EV charging solutions.

These collaborations underscore Keppel' s extensive strategy to leverage global partnerships in driving sustainable and technology-enabled infrastructure development.
IS THIS ALL? Wait la....... make money must be patient....

Wow... got interest.... okay la, I shall risk my life to go into the mafia' s den to gather more info....
' you must be patient, and go thru them all to understand why the gangsters are targeting twelve by first Q next year..... Heard DBS Treasures is coming out with a new report .... and price target....

KEPPEL

Keppel is continuously looking to expand its network of partnerships to drive growth in sustainable and digital infrastructure. While the company has not announced specific names of future partners, its strategy indicates potential collaborations in the following areas:

Here is an updated and fact-checked breakdown of Keppel' s future and potential partnerships and collaborations:

Keppel' s Partnerships and Collaborations

Keppel is continuously expanding its network of partnerships to drive growth in sustainable and digital infrastructure. Its strategy strongly indicates potential and actual collaborations in the following key areas:

1. Hyperscalers and Tech Giants: Keppel will likely pursue further partnerships with major global cloud and technology companies (like its existing ones with AWS and Dell Technologies) to build AI-ready data centers, develop industry-specific AI platforms (e.g., in healthcare and finance), and strengthen subsea cable networks.

~ New/Updated: In September 2025, Keppel signed a strategic framework agreement with Dell Technologies to collaborate on developing efficient, green data centers and jointly invest in next-generation AI platforms in high-growth Asian markets (e.g., Singapore, Malaysia, and Vietnam).

~ Ongoing: Keppel has a global strategic framework agreement with Amazon Web Services (AWS) to work on data centers, subsea cables (such as the Bifrost system), and renewable energy projects worldwide.

~ Keppel DC REIT has also recently acquired a hyperscale data center in Japan, fully contracted to a leading global hyperscaler for 15 years, reinforcing this focus area.

2. Decarbonization and Clean Energy: Expect more collaborations with energy players and technology providers on low and zero-carbon solutions, such as green hydrogen and ammonia, carbon capture for waste-to-energy plants, and advanced battery storage systems.

~ New/Updated: Keppel has signed an MOU with Huawei International (May 2025) to collaborate on renewable energy solutions, specifically photovoltaic (PV) systems and advanced Battery Energy Storage Systems (BESS).

~ Keppel and Engie signed an MOU (October 2025) to develop innovative, scalable low-carbon energy solutions and explore opportunities in the Asia Pacific region.

~ A Keppel-led consortium, including Sumitomo Corporation and Advario, was appointed in October 2025 for the next phase of a study to develop an end-to-end low- or zero-carbon ammonia power generation and bunkering project on Jurong Island, Singapore.

~ Keppel also has an existing partnership with ExxonMobil to explore low-carbon hydrogen and ammonia solutions and a collaboration with Siemens Energy on innovative low-carbon power generation and emerging clean fuels (e.g., ammonia, hydrogen).

3. Financial Institutions and Investors: Keppel plans to continue its asset-light model by partnering with more private funds, listed REITs, and business trusts (like AIIB and ADB) to co-invest in large-scale, sustainable infrastructure projects, allowing them to undertake more complex deals without straining their balance sheet. The asset-light model involving partnerships is confirmed as a core strategy.

~ Ongoing: Keppel is on track to meet its fund management target and continues to partner with private funds, REITs, and business trusts. Keppel has a US$1.5 billion partnership with AIIB to accelerate sustainable infrastructure in the Asia-Pacific. The Asian Development Bank (ADB) is also a partner together with Enterprise Singapore, they are exploring up to US$800 million in energy and environmental projects.

4. Academic and Research Institutions: Continued research partnerships with universities and institutes of higher learning are probable, focusing on R& D for smart grids, renewable energy integration, and other cutting-edge decarbonization technologies. This information regarding R& D partnerships holds true.

~ New/Updated: Keppel signed an MOU with JTC Corporation to develop low-carbon energy infrastructure on Jurong Island. As part of this broader Jurong Island initiative, JTC is collaborating with the National University of Singapore (NUS) and the Agency for Science, Technology and Research (A*STAR) on various green data center and low-carbon tech testbeds.

5. Industrial Partners for EaaS: Following MOUs with the JBM Group and others, Keppel may sign definitive agreements with more industrial players across Asia, particularly in Vietnam, Thailand, and India, to deploy EaaS, CaaS (Cooling-as-a-Service), and EV charging infrastructure. This area of expansion is accurate, particularly in Asia.

~ New/Updated: In December 2024, Keppel signed three MOUs with partners in India, including the JBM Group and Greenko, to meet clean energy needs, evaluate solar/wind projects, and explore green ammonia opportunities. Keppel continues to look for industrial partners in Vietnam, Thailand, and other parts of Asia for deploying EaaS (Energy-as-a-Service), CaaS (Cooling-as-a-Service), and EV charging solutions.

6. Specialized Technology Firms: Keppel is exploring niche, advanced technology collaborations..The company is likely to collaborate with specialists in new areas like quantum-safe security (following its Nokia MOU), advanced cooling systems (Johnson Controls), and potentially other emerging technologies relevant to the efficiency and security of digital and energy infrastructure.

~ Ongoing: The MOU with Nokia for quantum-safe security solutions is a valid example of partnering with specialists in new, emerging areas.

Login Register

Masters of the SEAS: KEPPEL, SCI, SEATRIUM, YZJSB

Seatrium, Maersk resolve contract dispute with giant line to pay US$360 million upon vessel delivery