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Seatrium Limited (SGX: S51) is a Singaporean state-owned company. Formed in 2023, from the merger of Sembcorp Marine and Keppel Offshore & Marine, the company is listed on the Singapore Exchange (SGX). Sembcorp Marine was a subsidiary of Sembcorp until 2020, when the companies demerged following Sembcorp Marine's poor financial performance.
In June of the same year, trading was halted for Sembcorp as well as Sembcorp Marine, a loss-making subsidiary whose shares had declined by 36% in 2020. [2] Representatives from both companies declined to comment. [2] Between 11 June and 24 July 2020, Sembcorp Industries' share price declined by 11%. [7]
Sembcorp Marine Ltd (SGX:S51), which is in the machinery business, and is based in Singapore, saw a decent share price...
In this article, I’m going to take a look at Sembcorp Marine Ltd’s (SGX:S51) latest ownership structure, a non-fundamental factor which is important, but remains a less discussed subject ...
The company was founded in 1968 as Keppel Shipyard at the Keppel Harbour situated in Tanjong Pagar before moving its operations to Jurong, where the company focused on offshore and marine activities. Keppel Offshore & Marine was the world's largest oil rig builder [3] before its sale to Sembcorp Marine on 28 February 2023. Keppel Land is the ...
Sembcorp Marine and Keppel Offshore and Marine merged in 2023 to form Seatrium, which is in talks to pay $110 million in a deferred prosecution agreement regarding the bribery case in Brazil, they ...
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