Stocks to watch: Yangzijiang, Sembcorp, Cosco, Sincap

31 Aug 2017 - Business Times Breaking News
THE following companies saw new developments that may affect trading of their shares on Thursday:Yangzijiang Shipbuilding: Chinese shipbuilder Yangzijiang Shipbuilding is looking to raise net proceeds of S$208.8 million by placing out 137 million new shares at S$1.53 each to institutional investors and ...
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Sembcorp to fully own India renewable energy business Sembcorp Green Infra

31 Aug 2017 - Business Times Breaking News
SEMBCORP Industries (Sembcorp) announced on Thursday that its wholly owned subsidiary, Sembcorp Utilities, has entered into an agreement to take over IDFC Private Equity Fund III's (IDFC) remaining stake in Sembcorp Green Infra (SGI), for 14.1 billion rupees (about S$301 million). This will be funded ...
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Sembcorp raises stake in Indian renewable business to 100%

31 Aug 2017 - Singapore Business Review
The remaining units to be acquired will cost $301m. Sembcorp has decided to acquire IDFC Private Equity Fund III's (IDFC) remaining stake in Sembcorp Green Infra (SGI) for $301m. According to a press release, this will raise the Sembcorp's stake in SGI to 100%, making it the sole owner of the company. ...
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Will Sembcorp sell its marine business?

23 Aug 2017 - Singapore Business Review
It is currently undertaking a strategic review of its businesses. Sembcorp Industries is currently undergoing a strategic review of the group’s businesses and OCBC Investment Research said there are various scenarios that can happen until the conclusion in 4Q17. "Some of the possible outcomes include ...
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Why analysts are preferring Sembcorp over Keppel

21 Aug 2017 - Singapore Business Review
The former has a stronger operating margin compared to its rival. Following a challenging quarter for Singapore shipyard firms, analysts at UOB Kay Hian are laying their bets on Sembcorp Industries, preferring it over its rival Keppel Corporation. According to Andrew Chow, Sembcorp met analysts' expectations ...
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Sembcorp ups its stakes in renewable energy business

18 Aug 2017 - Singapore Business Review
Its utilities segment subscribed to a rights issuance. Sembcorp Industries announced that its utilities segment has subscribed to an entire rights issuance by Sembcorp Green Infra to fund the company’s growth in the renewable sector in India. According to the group, the total investment in the rights ...
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Sembcorp increases stake in India renewable energy business to 72%

17 Aug 2017 - Business Times Breaking News
SEMBCORP Utilities, a wholly owned subsidiary of Sembcorp Industries, announced on Thursday that it is increasing its stake in its India renewable energy business Sembcorp Green Infra, to 72 per cent for one billion rupees (approximately S$21.4 million).Sembcorp Utilities has subscribed to an entire ...
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Sembcorp: Increases Stake In India Renewable Energy Business To 72%.

17 Aug 2017 - ShareInvestor Express
Sembcorp Industries' wholly-owned subsidiary Sembcorp Utilities has subscribed to an entire rights issuance by Sembcorp Green Infra to fund the company's growth in the renewable sector in India, including the portion of the rights issuance that was not subscribed to by its partner IDFC Private Equity ...
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Sembcorp: Nanjing International Water Hub Celebrates Topping Out Ceremony.

17 Aug 2017 - ShareInvestor Express
The hub will be dedicated to water R&D and the commercialisation of new water technologies. Tenants will have the opportunity to test new solutions under actual industrial conditions...
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Daily Briefing: Sembcorp's nightmares in India; Polytechnics to add fintech courses in banking and IT

10 Aug 2017 - Singapore Business Review
And here are five money saving tips for landlords in Singapore. From The Motley Fool Singapore: SembCorp Industries Ltd (SGX: U96) has big dreams for India. But the dreams could be turning into a nightmare. At the end of 2016, operations in India had a gross power capacity of 3,611 megawatts (MW), accounting ...
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