On March 17, Bloomberg reported that Sembcorp may look at potentially going private or sell some assets amid conducting a strategic review of its business.
A Sembcorp spokesperson said the group will “make the necessary announcements” per the Singapore Exchange’s (SGX) listing rules when there is a “material” update and when it has “progressed to a stage where there is a high level of certainty”.
In FY2024 ended Dec 31, 2024, Sembcorp reported earnings of $1.01 billion, 7% higher y-o-y. The group’s continuing operations are divided into five main segments: gas and related services, renewables, integrated urban solutions, decarbonisation solutions and other businesses and corporate.
As at 12.06pm, shares in Sembcorp are trading 11 cents higher or 1.8% up at $6.21.
