Aberdeen Asset Management has reduced its stake in Singapore rig builder Keppel Corp to 5% at what looks to be a sizeable loss.
The UK-headquartered company has recently sold 107,000 shares at SGD 5.45 ($4) each, according to a regulatory filing.
The disposal takes the UK investment firm’s deemed holdings to 90.7m shares, or 5% of the Singapore-listed shipyard group.
The latest filing comes on the back of a 23% drop on the price Aberdeen Asset Management paid to acquire Keppel shares in late 2015.
The
