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HOCK LOCK SIEW

Sembcorp is right to cast off its marine unit; both entities will be the better for it

IT has taken a pandemic to push industrial conglomerate Sembcorp Industries (SCI) into doing what was long overdue.

On Monday, the conglomerate unveiled a proposal that could see the firm fund the bulk of Sembcorp Marine's (SMM) S$2.1 billion recapitalisation exercise and then completely...

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