Sembcorp Industries Announces Launch Of Sembcorp Green Financing Framework
3 months ago
Sembcorp Industries Announces Retirement Of Jonathan Asherson Obe As Non-Executive & Independent Director
About SembCorp Industries Limited
Sembcorp Industries Ltd is an investment holding company. The Company is engaged in the production and supply of utilities services, terminalling and storage of petroleum products and chemical. Its segments include Energy segment, Marine segment, Urban segment and Others/Corporate segment. The Energy segment’s principal activities are in the provision of energy and water to industrial, commercial and municipal customers. Marine segment focuses principally on providing integrated solutions for the offshore and marine industry. The Urban segment owns, develops markets and manages integrated urban projects comprising industrial parks, as well as business, commercial and residential space in Asia. The Others/ Corporate segment comprises businesses mainly relating to minting, design and construction activities, offshore engineering and others.
Temasek-backed Singapore conglomerate Keppel Corp and Sembcorp Marine are set to begin talks to explore combining their ailing offshore and marine (O&M) businesses, two sources familiar with the matter said on Thursday.
Loss-making Sembcorp Marine on Monday proposed a S$2.1 billion ($1.5 billion) recapitalisation through a rights issue that will be backed by the rig builder's parent firm, Sembcorp Industries, and state investor Temasek Holdings.
Shares in Sembcorp Marine and Sembcorp Industries remained halted for a second day on Friday, prompting speculation among some analysts about a potential deal between the Singapore rigbuilder and its parent company.
Sembcorp Industries said on Monday that its subsidiary has signed a 25-year power purchase agreement with Singapore's National Water Agency to build a 60 megawatt-peak (MWp) floating solar photovoltaic (PV) system on Tengeh Reservoir.
Sembcorp Industries on Monday said its Sembcorp Cogen unit had begun legal proceedings to assert ownership over some gasoil reserves stored in tanks at Singapore's Universal Terminal, partly owned by oil trader Hin Leong Trading Pte Ltd.
Sembcorp Industries on Monday said its unit Sembcorp Cogen had begun legal proceedings to assert ownership over some gasoil reserves stored in tanks at Universal Terminal, an affiliate of oil trader Hin Leong Trading Pte Ltd.
Singaporean industrial conglomerate Sembcorp Industries Ltd said it has withdrawn a draft prospectus for listing its Indian energy arm, as it was injecting new equity into the business, and intended to submit papers later this year.
2 years ago
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