Hot stock: Sembmarine falls 8% as unit is probed for ‘alleged irregularities’
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Yong Hui Ting
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SHARES of Sembcorp Marine (Sembmarine) ended Friday (Mar 24) down 8 per cent or S$0.009 at S$0.104, following news that one of its units is facing investigations.
The counter was the second most heavily traded by value that day, and the most heavily traded by volume – with 769.2 million shares worth S$81.5 million changing hands. No married deals were recorded, according to ShareInvestor data.
The company issued a notice on Friday morning that its wholly-owned subsidiary, Estaleiro Jurong Aracruz (EJA), was being investigated for “alleged irregularities” in its practices.
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