Shares & Derivatives
Sembcorp Industries and marine demerger: What you need to know and what to do
By New Academy of Finance  •  June 8, 2020
SEMBCORP INDUSTRIES AND MARINE DEMERGER The Sembcorp Group of companies finally announced that Sembcorp Industries and Sembcorp Marine will be demerged with the creation of two focused companies. There will be a proposed Sembcorp Marine Rights issue (SCM Issue) in conjunction with the demerger. I have written on both Sembcorp Marine and Sembcorp Industries several times, stating that it will be in the best interest for Sembcorp Industries, the parent of Sembcorp Marine, the former holding a 61% stake in the latter, to divest its stake in Sembcorp Marine to become a pure utilities/energy player that will find favor among investors who do not wish to have exposure to its marine business. IS TIME RUNNING OUT FOR KEPPEL AND SEMBCORP MARINE AS OIL COLLAPSES BELOW ZERO? With the current demerger announcement, that reality is finally happening and I believe, just on face value, it will be positive for Sembcorp Industries shareholders. Let’s go through the step by step procedure of this demerger exercise....
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By New Academy of Finance
I have got no sob-stories to entertain ya. I am just a regular joe, happily married, with two “highly energetic” young boys that can never seem to settle down! Life is peaceful, or if you wish to put it with a tad of negative connotation to it, BORING. Some say boring is good!
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