SembMarine denies that its PPL yards are up for sale
Singapore
MAINBOARD-listed yard group Sembcorp Marine said neither its rig-building subsidiary PPL Shipyard nor any of the yards from which PPL is operating are up for sale.
SembMarine is understood to have sought valuation for one or more of PPL Shipyard's waterfront assets, sparking market talk over its plans for its rig-building subsidiary.
TRENDING NOW
Nearly half of Apac’s wealthy expect market crash or correction, plan to rotate to cash: study
Shanda co-founder sells Tanglin Hill bungalow for S$76 million
Yeo’s, Tiger Beer and now Gardenia – flight of food manufacturing from Singapore might be just as planned
Johor property old hand KSL readies family handover amid market boom