GCL Group

SINGAPORE (May 2): DBS Vickers Securities is maintaining its “buy” call on Sembcorp Marine (SMM) with a target price of $1.78, on the notion that the sell-off post its 1Q17 results is “unwarranted”.

SINGAPORE (June 27): Yangzijiang Shipbuilding is investing RMB 1 billion ($204.5 million) through a wholly owned subsidiary into an investment holding company in Jiangsu, China.