Penguin International

[yawnyawn]

This could be one of the potential questions to be raised in the coming AGM about the sale of the boat and what would be the possible actions that the management will embarking on with regards to the challenging oil industry outlook. Penguin is a subsidiary of sembcorp, personally I am quite certain that the boat delivery will be in line to the expectation of many since my going to be father in law is one of the independent director of penguin.

Is Penguin a subsidiary of Sembcorp? From the AR, i understand that Keppel Corp owns 6.24% of Penguin and that's it. Kindly direct me to the source that you read that says Penguin is a subsidiary of Sembcorp. Thanks!

The only guy that comes close to having any relations with Sembcorp is Mr. Chan Moon Kong who is the independent director of Penguin which i assume is your going-to-be FIL