Shares & Derivatives
WILL KEPPEL CORPORATION BUYS OVER SEMBCORP MARINE?
By Singapore Stocks Investing (SSI)  •  October 29, 2017
There has been a flurry of divestments for Keppel Corporation: a) divestment of entire interest in Kepwealth Property Phils for S$20.95m b) divestment of 100% in Keppel China Marina Holdings Pte Ltd for S$597.4m c) incorporation of Keppel People Services Pte. Ltd for the management of human resource functions At the same time, another noteworthy development from another offshore and marine player here: Sembcorp Marine has signed an agreement to sell nine Jackup Drilling Rigs. As many have known, Sembcorp Industries is currently having a strategic review and many believe that an outcome arising from the review would be the divestment of Sembcorp Marine. Against this possible development is the view held by many that for reasons of synergy against the current still lacklustre offshore and marine sector, it would be good for the local industry if there is a consolidation in this area. And when talks like ......
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By Singapore Stocks Investing (SSI)
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