SINGAPORE -- Singapore's Keppel Corp. said Monday that state investment firm Temasek Holdings was withdrawing from a bid to acquire the conglomerate due to its worsening financial performance, leaving the company's restructure plan in doubt.
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Singapore conglomerate Keppel loses Temasek's $3bn bid
Company's restructure now in doubt as COVID pandemic continues to bite
Keppel on July 30 reported a net loss of SG$697 million due to impairment costs incurred in its offshore and marine business. © Reuters
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