Sembcorp may privatise or inject funds into SembMarine: sources
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Singapore
SINGAPORE'S Sembcorp Industries may inject funds into Sembcorp Marine or buy full control of the drilling rig builder to replenish finances strained by a collapse in oil prices, people familiar with the matter said.
Sembcorp Industries - almost half-owned by Singapore investment company Temasek Holdings - is the parent of Sembcorp Marine which analysts said is at risk of writing off assets and cutting its full-year dividend. "It's quite clear that financial support has to come in and a take-private is one of the easier options, but ultimately there needs to be a long-term solution," said one of the people, who were not authorised to speak publicly on the matter and so declined to be identified.
