Sembcorp Ups Stake In SembCorp Marine

Maritime Activity Reports, Inc.

July 25, 2000

Singapore conglomerate SembCorp Industries Ltd has reportedly acquired another five million shares of SembCorp Marine at S$0.705 each after buying 40 million shares last week. The move led some analysts to speculate that the marine unit could be privatized, given its attractive valuation.
Maritime Reporter E-News subscription

Maritime Reporter E-News is the maritime industry's largest circulation and most authoritative ENews Service, delivered to your Email five times per week

Subscribe for Maritime Reporter E-News