Civil action vs Keppel Corp subsidiary on Jakarta land plots ruled inadmissible

The accuser claimed that he had ownership rights over the land.

The South Jakarta District Court said the civil action filed against Keppel Corporation’s wholly-owned subsidiary, PT. Kepland Investama, over ownership rights of land plots in Jakarta, Indonesia, is one of Keppel’s main markets.

In a bourse filing, Keppel Corporation said the court adjudicated the civil action on 27 March 2023.

MORE ABOUT KEPPEL CORP: Keppel unit sells stake in PH mall to BDO for $195.0m

Keppel Land divests shares in Greenfield Development for $75.6m

The individual claimed that he owned the land where International Financial Centre Jakarta Tower 2 building complex is established.

Before the stock index closed on 30 March 2023, Keppel Corp with $9.12m total value securities traded.

Follow the link for more news on

Keppel Corporation

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia