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Sembcorp shares up on news of Chongqing power project

Go-ahead from Chinese authorities to form joint venture

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Published Wed, Dec 30, 2015 · 09:50 PM

Singapore

SHARES in Sembcorp Industries rose as much as four cents to an intraday high of S$3.09 on Wednesday on news that its Chongqing coal-fired power plant joint venture has received the regulatory green light, solidifying the expansion of its utility business in China.

The stock ended the day one cent up at S$3.06.

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