---
title: "Keppel agrees to sell 40% stake in Vietnam’s Empire City for US$270 million cash"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/294939922.md"
description: "Keppel Ltd. agreed to sell its entire 40% stake in Vietnam’s Empire City, a Thu Thiem waterfront development, for US$270 million (SGD 343 million). The stake is split into two 20% portions sold to Denver Power Vietnam and Golden Axis. Payment occurs in three tranches, with completion expected by Q4 2026 pending regulatory approval. This transaction contributes to Keppel's year-to-date monetization of approximately SGD 2.1 billion, aligning with its 2026 target range."
datetime: "2026-08-05T09:19:22.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/294939922.md)
  - [en](https://longbridge.com/en/news/294939922.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/294939922.md)
generator: "portal-rs"
---

# Keppel agrees to sell 40% stake in Vietnam’s Empire City for US$270 million cash

-   Keppel agreed to sell its entire 40% stake in Empire City for USD 270 million cash, or about SGD 343 million. \* Asset is a Thu Thiem waterfront development site in Ho Chi Minh City, covering residential and mixed-use projects. \* Sale splits into two 20% stakes, sold to Denver Power Vietnam and Golden Axis. \* Cash paid in three tranches; completion expected in 4Q 2026, pending regulatory registration approval. \* Monetisation announced year-to-date reached about SGD 2.1 billion, meeting the 2026 target range of SGD 2-3 billion. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Keppel Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: SF4U2AWZJWILVXPW) on August 05, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**