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Monday, December 25, 2017

Keppel Corp is fined S$570m for bribery!

https://www.channelnewsasia.com/news/business/keppel-pledges-to-protect-dividends-from-one-off-brazil-bribery-9523872

No matter what, this huge fine will impact Keppel and its future dividends will definitely be affected.  There is no way for Keppel to recoup this fine through cost-cutting measures within the company.

Keppel's share price will react to this huge fine tomorrow!

1 comment:

Eric Ho said...

https://www.channelnewsasia.com/news/business/keppel-shares-sink-on-brazil-bribery-probe-9526136

Keppel shares sank as expected.