For the longest time, I hold back writing about the impact of the demerger to Sembcorp Industries (SCI) share price because you never know if the shareholders would do a “Keppel”. Now that 99% of the shareholders had voted for the demerger, I think it is time opportune to pen down the potential long-term impacts on Sembcorp Industries share price. Hyflux to sink or swim with Sembcorp Industries? Sembcorp Industries Ltd When the $2.1 billion recapitalization of Sembcorp Marine was announced on 8 June 2020, I can imagine long-term investors of Sembcorp Industries being overwhelmed with emotions. I can certainly relate to their agony. Indeed, investing in this counter is no fun. Sembcorp Industries share price used to trade at $5.50 in 2014. Then the oil slump of 2015-16 came along to mess things up for its marine subsidiary, Sembcorp Marine (SCM). Consequently, Sembcorp Industries share price got walloped left, right and centre....