Part 5/11:

Meanwhile, Tamasik has stepped back from its bid to increase its stake in Keppel Corporation, failing to meet a key performance metric in its two-phase, partial offer. Although Keppel failed to meet the minimum profit level required by Tamasik—due to losses in Q2—it remains its largest shareholder with a 20.4% stake. Tamasik has communicated that it will hold off on further bids for now, prioritizing capital deployment in more immediate opportunities.