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User warning: The following module is missing from the file system: native_ad_mobile_app. For information about how to fix this, see the documentation page. in _drupal_trigger_error_with_delayed_logging() (line 1143 of /home/testing/The_Edge_Singapore_Website/includes/bootstrap.inc).
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Conscious decoupling

In print this week

Conscious decoupling

Jeffrey Tan Published on Fri, Jun 12, 2020 / 7:00 AM GMT+8

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Sembmarine will no longer be a drag on parent Sembcorp Industries after a rights issue and demerger. Can the offshore unit recapture its glory days?

SINGAPORE (June 12): For the last half decade or so, Sembcorp Marine (Sembmarine) has been hit by declining revenue and several annual losses amid a severe slump in the oil industry. As a result, the consolidation of its weak performance has been a drag on its parent company, the conglomerate Sembcorp Industries. However, the latter has patiently kept faith with the offshore services provider in the hopes that it will eventually turn around as and when the oil industry recovers. That is until now.

On June 8, both companies jointly announced a demerger that will result in the cessation of Sembmarine as a 61%-owned subsidiary of Sembcorp. This will come after a recapitalisation exercise of Sembmarine.

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Conscious decoupling

In print this week

Conscious decoupling

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Conscious decoupling

In print this week

Conscious decoupling

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