Keppel Hitachi Zosen Ltd. has reportedly agreed to buy Keppel Marine Industries Ltd.'s
shiprepair and building business for $98.9 million in cash.
Keppel Hitachi said it would acquire all of Keppel Marine's investments in Keppel Singmarine Dockyard Pte Ltd., Eagle Engineering Pte Ltd., Keppel UAE-Investment Pte Ltd., Keppel Philippines Marine Inc., and Penguin Boat International Ltd.