Corporate digest
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Sempcorp Industries
A UNIT of Sembcorp Industries has sold the 49 per cent stake it owns in Yancheng China Water Co for 260 million yuan (S$53 million). The group will recognise a net gain of about S$30 million from the transaction, for the financial year ending Dec 31, 2016.
Yancheng China Water Co, which runs a municipal water facility in Jiangsu, China, was sold to Yancheng City Municipal Utilities Investment Company. Sembcorp Industries had carried the asset at 116 million yuan on its balance sheet.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Why where you park your joint venture matters: Lessons from a US$689 million shareholder dispute
Aiming at China, Malaysia puts new restrictions on electric cars
S-E Asia tourism takes hit from Middle East crisis, but intra-regional travel could spell hope
Temasek CEO Dilhan Pillay to chair Vertex as FY2025 profit tops US$100 million
