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Fallout of JAC reaches Sembcorp and PEC

Sembcorp makes provision for S$19m while PEC impairs S$19m debt

Singapore

THE ripples of Jurong Aromatic Corporation's (JAC) troubles have reached at least two listed companies, though the firm's receivership status has had limited impact on the rest of Singapore's petrochemical sector.

Sembcorp Industries made a provision for S$19 million