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
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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