Alibaba said Tuesday it will split its company into six business groups, each with the ability to raise outside funding and go public. It is the most significant reorganization in the Chinese e-commerce giant's history. Alibaba said in a statement that the move is "designed to unlock shareholder value and foster market competitiveness."
$SEMBCORP MARINE LTD(S51.SI)$Looks ripe for pick up….Singapore, 30 June 2021 &ndash Sembcorp Marine Ltd, through its wholly owned subsidiary, Estaleiro Jurong Aracruz (EJA), has secured an Amendment Contract from Tupi B.V. valued at about USD175 million (approximately SGD230 million) for modification work to be completed on the Floating Production Storage and Offloading (FPSO) P-71 oil and gas vessel. Originally designed for the Tupi field, the FPSO P-71 will undergo modification and integration at EJA for deployment at the Itapu field. EJA&rsquo s scope of work includes modification of existing systems and integration of additional systems to the vessel (the &ldquo Project&rdquo ). Measuring 316m in length and 54m in width, the FPS