Stock Information

KEP | KEPPEL PHILIPPINES PROPERTIES, INC.

Sector: PROPERTY | Sub-Sector: PROPERTY

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.

KEP's immediate parent company is Keppel Management Ltd.("KML"), while its ultimate parent company is Keppel Ltd. ("KL"), both incorporated in Singapore. On February 12, 2026, KEP's shareholders, KL, KML, Molten Pte Ltd., and Kepwealth, Inc. (collectively the "Sellers") entered into a share purchase agreement with Forward Synergy Group, Inc. ("FSGI") for the sale and purchase of the Sellers’ 86.83% ("Sale Shares") ownership of the total outstanding capital stock of KEP (the "Transaction"), which represents all of the shares owned by the Sellers in KEP. The Sellers have agreed to sell the Sale Shares to FSGI for an aggregate cash consideration of approximately P472.7 million (P1.8526 per share). The completion of the Transaction had been subjected to the fulfillment of certain conditions precedent, including the conduct of a mandatory tender offer by the FSGI pursuant to the Securities Regulation Code of the Philippines and its 2015 implementing regulations. The Transaction was completed with the satisfaction of all condition precedent on April 15, 2026 that resulted in the change in control of KEP to FSGI. FSGI is an entity incorporated in the Philippines.

KEP was registered primarily to invest or acquire interest in, purchase, own or hold, directly or indirectly, shares of stocks and to undertake in property development activities through associates and joint venture. KEP undertakes property development activities through its associates and joint venture and has successfully completed residential and commercial developments in the Philippines, including Palmdale Heights, a residential development located in Pasig City, and the Podium Complex, a mixed-use development located in Ortigas' Central Business District. KEP has divested its interest in these properties.

Source: SEC Form 17-A (2025), SEC Form 17-Q (1Q2026), and The Company