Seatrium had reported a loss of $264.4 million for the 1HFY2023 ended June 30. It was the group's first-ever results announcement for the six-month period since the completion of the combination with Keppel Offshore & Marine (Keppel O&M) – now Seatrium O&M – on Feb 28. Analysts had remained mostly positive about the O&M group's prospects after its results.
Keppel Corporation (SGX:BN4
) has disposed of another 50 million shares in Seatrium (SGX:S51) for a total consideration of $7.26 million, or 14.52 cents each.
The disposal, which amounts to a 0.07% stake in Seatrium, was done via the market on July 28.
