Completion of Acquisition of LMG Marin AS
Unless otherwise defined herein, all capitalized terms used herein shall have the same meaning as defined in the announcement made by Sembcorp Marine Ltd (the “Company”) on 19 August 2016 in relation to the acquisition of LMG Marin AS (the "Announcement").
Further to the Announcement, the Company wishes to inform that its wholly-owned subsidiary, Sembcorp Marine Integrated Yard Pte. Ltd. (“SMIY”), has completed the acquisition of 100% equity stake in LMG. Accordingly, LMG has become an indirect wholly-owned subsidiary of the Company.
By order of the Board
Tan Yah Sze
26 August 2016
About Sembcorp Marine
Sembcorp Marine provides innovative engineering solutions to the global offshore and marine industry, drawing upon more than 50 years of track record. We focus on four key capabilities, namely, Rigs & Floaters; Repairs & Upgrades; Offshore Platforms; and Specialised Shipbuilding.
Our customers include major oil companies, drilling contractors, shipping companies as well as owners and operators of floating production units.
We operate shipyards strategically located in Singapore, India, Indonesia, the United Kingdom and Brazil.
Discover more at www.sembmarine.com.
For further information, please contact:
Ms Lisa Lee
Head of Investor Relations
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Mr David Wong
Head of Corporate Communications
Tel No : 65-62628036
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