SINGAPORE: Keppel Corp, the city-state's largest diversified company, said its Chinese venture would be paid about S$100mil for providing maintenance services at an airport in Guangzhou. It plans to use this contract as a springboard for further investment in China.
The venture, 25% owned by Keppel, would pursue other maintenance contracts for hospitals and schools in Guangzhou from the government and state-controlled companies, said Yick Ping Wong, managing director of Keppel Integrated Engineering, a unit of Keppel Corp.