Sembcorp shares up on news of Chongqing power project
Go-ahead from Chinese authorities to form joint venture
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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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