Yick Ping Wong News

Keppel Offshore & Marine Ltd (Keppel O&M) appointed Hoe Eng Hock as the Executive Director of Keppel Singmarine Pte Ltd with effect from July 1, 2005, following the retirement of Goh Boon Kiat on June 30, 2005. Hoe, 54 years old, will oversee the business operations and strategic development of Keppel Singmarine. A Colombo Plan scholar, he has served and held various senior management positions in the Keppel group of companies since 1975. Hoe was country manager in charge of Keppel’s businesses in Philippines between 1991 and 2002. Prior to this new appointment, he was the Senior General Manager (Production) of Keppel Singmarine Pte Ltd.

The Directors of Keppel Corporation Limited (Keppel) announced the sale of 100 percent stake in Cathodic Protection Technology Pte Ltd (CP Tech) by Keppel Integrated Engineering to the management team at CP Tech for a total cash consideration of S$3.9 million. CP Tech is one of the largest providers of cathodic protection systems in the Asia-Pacific region. The divestment is in line with Keppel’s strategy of disposing its non-core assets. The divestment is not expected to have any significant impact on the net tangible assets and earnings per share of Keppel for the financial year ending December 31.