Keppel PH shareholders selling 86.83% stake 

Majority shareholders of Keppel Philippines Properties, Inc. have signed a share purchase agreement (SPA) to sell their combined 86.83-percent stake in the listed firm to Forward Synergy Group, Inc.

This paves the way for a change in control.

Under the SPA, the sellers agreed to sell the sale shares for an aggregate cash consideration of about P472.7 million. That is equivalent to P1.8526 per share.

In a disclosure on Friday, the company said it was informed by Keppel Ltd., Keppel Management Ltd., Molten Pte. Ltd., and KEPwealth, Inc.—the sellers—that they entered into the SPA with Forward Synergy Group, Inc. on Feb. 12.

Collectively, these sellers own 86.83 percent of the total outstanding capital stock of Keppel Philippines.

The transaction is subject to the fulfillment of certain conditions precedent.

These include the conduct of a mandatory tender offer by the buyer in accordance with the Securities Regulation Code of the Philippines and its 2015 implementing rules and regulations.

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Following the execution of the SPA, the company also disclosed that it would request a voluntary trading suspension.

Trading of its shares was set to be halted until 9 am on Feb. 16, 2026, in connection with the transaction.

The SPA signals a potential shift in ownership structure for the property firm. This is subject to regulatory compliance and the completion of the mandatory tender offer process.