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SUTL Enterprise to acquire Marina at Keppel Bay for $40m
The Straits Times
|January 01, 2026
Marina developer and operator SUTL Enterprise will acquire Marina at Keppel Bay from Keppel Bay for $40 million.
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Mainboard-listed SUTL said in a bourse filing on Dec 30 that it had entered into a put-and-call-option agreement with Keppel Bay to acquire the marina, with the acquisition to be completed in the second half of 2026.
After acquisition, the 166-berth marina will be renamed One°15 Marina Keppel Bay.
When combined with SUTL’s existing One°15 Marina Sentosa Cove, which has 270 berths, the deal will make SUTL the largest owner-operator of integrated marinas in Singapore.
Dit verhaal komt uit de January 01, 2026-editie van The Straits Times.
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