demerger

With Sembcorp Marine out of the way, Sembcorp Industries is now charting its own course

An overwhelming 99.67% of Sembcorp Industries’ shareholders voted for the proposed distribution, while 98.76% of SembMarine’s shareholders voted for the proposed renounceable underwritten rights issue.

For the last half decade or so, Sembcorp Marine (Sembmarine) has been hit by declining revenue and several annual losses amid a severe slump in the oil industry. As a result, the consolidation of its weak performance has been a drag o