20 Dec 2001
Additional Information On SembCorp Marine Announcement On December 19, 2001
Further to the announcement made on December 19, 2001, we wish to provide the following additional information:
- The estimated investment cost of US$8.3 million was arrived at on a willing buyer and willing seller basis, and takes into consideration the appraisal of an independent valuer. The valuation was based on Dalian Cosco Marine Engineering Co.’s revalued net tangible asset of US$33.3 million as at 30 November 2001.
- This acquisition is however subject to approval from the government of The People’s Republic of China.
Submitted by Lim Seh Li, Company Secretary on 20/12/2001 to the SGX