Sembcorp Industries, Chip Eng Seng:sell its commercial construction business to Chip Eng Seng
Corporation for about S$49.9 million, both mainboard-listed firms announced on Wednesday. The divestment is part of Sembcorp's strategy to unlock value and recycle capital as it repositions itself as a global energy player, the company said. Shares in Sembcorp Industries closed at S$2.13 on Tuesday, up 2.4 per cent or five Singapore cents, while Chip Eng Seng shares closed up 0.8 per cent, or 0.5 cent to 63 cents.
for an aggregate consideration of S$500,000, it announced on Tuesday night. The deal was made via Tai Sin unit Lim Kim Hai Electric Co . The consideration is funded from LKHE's internal resources. Tai Sin Electric shares closed flat at 34 Singapore cents on Tuesday.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stocks to watch: CDL, Sats, SIIC Environment, Second Chance Properties, International CementSINGAPORE - The following companies saw new developments that may affect trading of their shares on Monday (Sept 30):. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
Stocks to watch: Keppel Reit, CMT, ComfortDelGro, Prudential, Sunpower, BreadTalkSINGAPORE - The following companies saw new developments that may affect trading of their shares on Tuesday n(Oct 1):. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
Stocks to watch: Keppel Reit, Prudential, CMT, ComfortDelGro, Sunpower, BreadTalkTHE following companies saw new developments that may affect trading of their shares on Tuesday: Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Australia: Shares tick up on miners, energy stocks[BENGALURU] Australian shares edged higher on Monday as mining and energy stocks gained on higher commodities and oil prices, though uncertainty in the US-China trade war kept some investors cautious. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Hong Kong: Stocks open lower on Monday[HONG KONG] Hong Kong stocks opened lower on Monday, extending losses at the end of last week, a day before mass pro-democracy protests planned in the city on communist China's 70th anniversary. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
US stocks end volatile Q3 on positive noteNEW YORK: Wall Street stocks rose on Monday (Sep 30) on improved Chinese data and better sentiment on US-China trade talks, concluding a volatile ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »