The firm is now targeting between S$10 billion to S$12 billion in cumulative asset monetisation by 2026-end. Keppel also announced plans to significantly increase its assets under management (AUM) to S$200 billion (US$149.93 billion) by 2030, with an interim target of achieving S$100 billion worth of AUM by 2026-end, double of what it had at the end of last year. The company, which traces its roots to a small ship repair yard corporatised in 1968, said the shake-up could result in annual savings of between S$60 million (US$44.9 million) and S$70 million by 2026. What does subsume mean Information and translations of subsume in the most comprehensive dictionary definitions resource on the web. Subsumed definition, considered under, or taken up into, a larger or more inclusive category, proposition, entity, rule, term, etc.: With irrigated agriculture as the primary use for the Tribal award monies, the court also recognized subsumed uses including livestock, domestic, and commercial purposes. 'From a diversified conglomerate, we are accelerating our transformation to be one integrated company - a global alternative real asset manager, with deep operating capabilities in Infrastructure, Real Estate and Connectivity.' Definition of subsume in the dictionary. 'This latest restructuring reflects a fundamental shift in how we organise ourselves to operate in a nimbler manner and harness technology to grow at speed and scale,' Keppel Chief Executive Officer Loh Chin Hua said. The fund management business will focus on capital raising, investment platform will make capital investment decisions, while the operating platform unit will subsume its other existing operations. The conglomerate, which has operations ranging from data centres to renewable energy assets, will restructure itself into three businesses - fund management, investment, and operating platforms. Singapore's Keppel Corp on Wednesday (May 3) announced a major corporate restructuring, doing away with its conglomerate form and dividing itself into three distinct units, in a bid to simplify and further grow its operations.

Synonym subsume