Keppel, SembMarine: sale of non-core assets 'a more likely scenario' (Amended)

Singapore

KEPPEL Corporation and Sembcorp Marine are likely to sell some non-core assets to raise cash - Keppel could let go its stake in M1 - before pursuing a cut in dividends and raising capital through a rights issue, a brokerage report has said.

In exploring the pre-emptive options for the two rigbu…