Corporate digest

Sembcorp Marine

SEMBCORP Marine has raised its stake in Norway-based Gravifloat AS by another 44 per cent for US$38 million, bringing its stake in the firm to a controlling interest of 56 per cent. Under an agreement, the company will eventually raise its interest in Gravifloat to 100 per cent by picking up an additional 44 per cent stake at the same price.

Lippo Malls