As of Dec 31, 2020, the net book value of the facility was US$57 million ($75.4 million) and US$230 million of the project’s loan remains outstanding. The outstanding loan is backed by a corporate guarantee issued by Sembcorp’s wholly-owned subsidiary, Sembcorp Utilities.
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Sembcorp’s industrial park development as announced on Aug 17, 2020, has not commenced. The group says it will continue to monitor the situation in the country.
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Shares in Sembcorp closed flat at $1.69 on Feb 16.
