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Sembmarine carve-out should make Sembcorp attractive versus peers
SCI can be expected to do better and some of its metrics should turn more favourable
Published Tue, Sep 8, 2020 · 09:50 PM
Singapore
SHARES of Sembcorp Industries (SCI) begin trading excluding their entitlements on Wednesday. As Sembcorp Marine (SMM) shares had closed at S$0.193 on Tuesday, SCI's stock could reasonably be expected to fall from their close at S$1.91 the same day.
In a Monday announcement, SCI had announced that shareholders would receive 4.911 SMM shares for each SCI share held.
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