Sembcorp may privatise or inject funds into SembMarine: sources

Singapore

SINGAPORE'S Sembcorp Industries may inject funds into Sembcorp Marine or buy full control of the drilling rig builder to replenish finances strained by a collapse in oil prices, people familiar with the matter said.

Sembcorp Industries - almost half-owned by Singapore investment company Temasek Holdings - is the parent of Sembcorp Marine which analysts said is at risk of writing off assets and cutting its full-year dividend. "It's quite clear that financial support has to come in and a take-private is one of the easier options, but ultimately there needs to be a long-term solution," said one of the people, who were not …