Completion of Acquisition of Shares in PPL Shipyard Pte Ltd
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 23 August 2016 in relation to the acquisition of shares in PPL Shipyard Pte Ltd (the "Announcement").
Further to the Announcement, the Company wishes to inform that it has completed the acquisition of the remaining 15% equity stake in PPLS today. Accordingly, PPLS has become a wholly-owned subsidiary of the Company.
By order of the Board
Tan Yah Sze
29 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
Tel No : 65-62627107
Email : firstname.lastname@example.org
Mr David Wong
Head of Corporate Communications
Tel No : 65-62628036
Email : email@example.com
For the PDF version of this release, please click here.