Company Shares of Keppel Philippines Properties, Inc (PSE:KEP) Drop 25 Percent at Philippine Stock Exchange

PHILIPPINES – Keppel Philippines Properties, Inc. (PSE:KEP)’s stock closed 25 percent lower in today’s trading session at the Philippine Stock Exchange (PSE) with a last traded price of Php3.60 a share.

It opened lower at Php3.26 and traded up to P3.60 apiece until the end of today’s trading session. A total of 3,000 shares exchanged hands with a value of Php10,120.

Keppel Philippines Properties, Inc. (KEP) was originally incorporated on February 7, 1918 under the name Hoa Hin Co., Inc., then renamed Cebu Shipyard and Engineering Works, Inc. in 1957, and then to its present name in 1998. The Company holds investments in associates involved in property holding and development, and renders property management consultancy services to these associates.

KEP, through its associated companies, is engaged in the acquisition and development of suitable land sites for residential, office and commercial uses. The Company’s properties include Palmdale Heights, a residential cum commercial development located in Pasig City, and The Podium, a shopping mall in the Ortigas central business district. – BusinessNewsAsia.com

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