Align with the direction of diversification and transformation since ex-Petronas CEO Mr Hassan Marican came to the board a couple of years back.
SEMBCORP MARINE ACQUIRES A 50% STAKE IN KANFA ARAGON AS
Singapore, June 28, 2016: Sembcorp Marine Ltd (“Sembcorp Marine” or the “Company”) is
pleased to announce that it has acquired a 50% equity stake in KANFA Aragon AS (“Aragon”)
for NOK 20 million (the “Acquisition”) from Sevan Marine ASA. A joint venture agreement will
be entered into with Holding KA AS, formed by the existing management and employee
shareholders, who hold the other 50% of the shares in Aragon.
http://infopub.sgx.com/FileOpen/SCMPress...eID=410562
(01-09-2016, 09:45 PM)CityFarmer Wrote: [ -> ]Re-balancing from Index funds, are expecting...
Sembcorp Marine dropped from ST Index in quarterly review
...
http://www.theedgemarkets.com.sg/sg/arti...rly-review
Just saw on POEMS margin requirement up 15% to 20% due to this exclusion happening on 16 September.
not a positive sign rite?
Posted loss of $22 million for 3Q, largely because of Cosco and foreign exchange losses. Order book continues to be lackluster.
Slightly reduced net gearing and better cash flow are perhaps the only bright spots.
http://infopub.sgx.com/FileOpen/SCM3Q201...eID=426088
When GLC management say they expect the co to navigate thru these tough times having gone thru several down cycles in the past, I am wondering whether they have the experience to do that cos, those who did, likely have already rotated out to other companies or maybe became a minister.
Hope SCM will get paid for their overdue payments .