twixzy
2022-05-16

Sembcorp Marine Ltd. has agreed to merge with Keppel Corp.’s subsidiary in a deal that will create the world’s biggest builder of oil rigs and push the business further into renewables and alternative energy solutions.

Sembcorp Marine and Keppel Offshore & Marine will be wholly owned by a new holding entity, which will be listed on the Singapore stock exchange, the two companies said in a joint statement Wednesday. A shareholder meeting is expected to be held in the fourth quarter to seek approval for the transaction, which is subject to various regulatory sign offs. $SEMBCORP MARINE LTD(S51.SI)$

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Comments

  • 秉汧
    2022-05-19
    秉汧
    Rig building is a sunset business, now that many EU nations are trying to move away from fossil fuels… more countries will follow suit
  • moliya
    2022-05-19
    moliya
    what is the point of merging if the plan not do rig building business n giving to china
  • Cheahkim
    2022-05-17
    Cheahkim
  • YSLiu
    2022-05-19
    YSLiu
    surprised 🙀 lol
  • Xavib
    2022-05-19
    Xavib
    Wow
  • nancyrojo
    2022-05-19
    nancyrojo
    😆 🤣 😂
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