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Soilbuild buys Sembcorp EOSM for S$12.3m

Published Wed, Nov 21, 2018 · 09:50 PM

Singapore

SOILBUILD Construction Group on Wednesday said it is buying Sembcorp EOSM - an associated firm of Sembcorp Industries that designs and makes building materials in Singapore, Malaysia and India - for some S$12.3 million.

The purchase involved buying the 60 per cent stake held by Sembcorp Industries' unit, and the remainder from a collection of sellers including Thye Chuan Engineering Construction and several individuals.

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