Keppel Logistics Foshan has entered into a share purchase agreement to acquire a 60% interest in Foshan Sanshui Port Development. The investment is valued at RM165.73m $27m), which may be adjusted after the acquisition, according to Keppel Logistics parent Keppel Telecommunications and Transportation (Keppel T&T).
Foshan Sanshui Port Development is a port development and operating company working in the Sanshui district of Foshan.
Keppel T&T is listed on the Singapore Exchange and part of the conglomerate Keppel Corp.
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