SembCorp Industries

[weijian]

Probably a partial exit from such CAPEX intensive biz isn't too far away and ain't too bad - (1) it reduces sovereign risks, and (2) frees up capital to re-capitalize their marine biz?

Sembcorp Industries to re-group energy businesses into single entity

SEMBCORP Industries has set out to consolidate its thermal and renewable energy businesses under a single entity.

The listed group said before Monday's trading hours that three transfers of shareholding interests in these businesses have taken place as part of the reorganisation of its India energy operations.

First, its wholly owned subsidiary, Sembcorp Utilities (SCU) has transferred its 88 per cent stake in Sembcorp Gayatri Power (SGPL) to Thermal Powertech Corporation India (TPCIL). TPCIL has also been renamed Sembcorp Energy India Limited (SEIL).

http://www.businesstimes.com.sg/companie...gle-entity