Sembmarine requests trading halt pending announcement
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Michelle Zhu
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.
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