Following the end of the concession, PT ATB has transferred and handed over certain assets to BP Batam.
PT ATB’s right or obligation to manage and operate said assets in Batam has ceased.
The end of the concession is not expected to have any material impact on the earnings per share (EPS) and net asset value (NAV) of Sembcorp for the financial year ending Dec 31.
Shares in Sembcorp closed 3 cents higher or 1.8% up at $1.69 on Nov 13.
See:Sembcorp Marine says it remains loss-incurring for 3Q in business update
Scroll to continue
