SEE: Sembcorp Industries appoints SATS chief corporate officer as new group chief financial officer
As of Dec 31, 2020, the net book value of the facility was US$57 million ($75.4 million) and US$230 million of the project’s loan remains outstanding. The outstanding loan is backed by a corporate guarantee issued by Sembcorp’s wholly-owned subsidiary, Sembcorp Utilities.
Sembcorp’s industrial park development as announced on Aug 17, 2020, has not commenced. The group says it will continue to monitor the situation in the country.
Shares in Sembcorp closed flat at $1.69 on Feb 16.
