• Singapore stock market and companies daily report (Sembcorp Industries) (September 21, 2015)

    Sembcorp Industriesí wholly-owned subsidiary, Sembcorp Environment, has announced the divestment of its 40 percent stake in SembSita Pacific to 60 percent joint venture partner, Suez Environment Asia, for a consideration of AUD485 million.

    The divestment is expected to result in a net gain of approximately $350 million for the group for FY15. The divestment is in line with the groupís focus on the energy and water sectors and the proceeds from its sale will provide the group with additional resources to invest in businesses and markets with high growth potential.

    Contributed by Shares Investment
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