Sembmarine requests trading halt pending announcement

SEMBCORP Marine (Sembmarine) called for a trading halt with immediate effect on Thursday (Mar 30) less than half an hour after the midday break.

The counter last changed hands at S$0.111, down S$0.004 or 3.5 per cent, with 300 million securities transacted as at 1.24 pm when it requested a halt in the trading of its shares. 

No married deals took place in early trade, according to ShareInvestor Data.

The trading halt comes a day after Sembmarine released a Mar 29 statement that preliminary administrative proceedings against its wholly-owned subsidiary, Estaleiro Jurong Aracruz (EJA), were related to past conduct linked to Brazil’s anti-graft probe known as Operation Car Wash.

This follows the group’s announcement on Mar 24 that EJA was under investigation for “alleged irregularities” in its practices.