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Corporate Structure
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  Significant Events  
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  Operating and Financial Review (OFR)  
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PPL Shipyard, a subsidiary of SembCorp Marine (SembMarine), secures a rig building contract worth US$175 million from Aban Singapore.

SembMarine’s Sembawang Shipyard wins an S$88 million Floating Production Storage and Offloading (FPSO) conversion contract from Bergesen Worldwide Offshore.
PPL Shipyard secures repeat order from Norway’s Sinvest to build a jackup rig for US$141.1 million.

SembCorp Industries appoints Michael Ng to the post of President & CEO of Singapore Mint and Singapore Precision Industries.

SembMarine appoints Goh Geok Ling as Chairman and Director of the Board, taking over from Lua Cheng Eng.
SembCorp Industries sells its entire 60.01% stake in SembCorp Logistics to Australia’s Toll Holdings for S$793 million.

Jurong Shipyard secures order to build a second ultra-deepwater semisubmersible rig for Norway’s PetroMena for US$480 million.

SembCorp Environmental Management (SembEnviro) enters the waste-to-resource conversion business and forms a used lead acid battery recycling joint venture, Jiangsu SembCorp Chunxing Alloy, with China’s largest lead recycler.

SembCorp Industries concludes Sembawang Corporation’s 10-year arbitration with Switzerland’s Allseas relating to the conversion of the pipe-laying vessel Solitaire with a settlement of €350 million.

SembCorp Industries consolidates its industrial park and leisure investments on Indonesia’s Bintan and Batam islands under Gallant Venture, subsequently listed on the Singapore Exchange.
Jurong Shipyard wins a contract with JackInvest I to build a jack-up rig for US$165.5 million.

PPL Shipyard signs contract with Awilco Offshore, which exercised its option for another jack-up rig for US$142 million.
SembMarine acquires 110,400,000 shares in COSCO Corporation from Seletar Investments for S$120.3 million.

SembMarine delivers Deep Driller I jack-up rig, built by PPL Shipyard, to Sinvest and divests its interest in the rig for a gain of S$13.3 million.

SembCorp Industries divests stake in Nirwana Gardens Resort in Indonesia. The sale recorded a gain of approximately S$14 million.
SembCorp Industries sells 88% of its interest in SembCorp Engineers & Constructors to India’s Punj Lloyd.
SembCorp Utilities acquires a 40% stake in the Fujairah Independent Water and Power Plant in the UAE, its largest investment to date and first in the Middle East.

SembEnviro acquires waste plastics recycling subsidiary, SembEnviro KK Asia, its second waste-to-resource investment in the year.

SembMarine acquires remaining 50% stake in Jurong Marine Services (JMS), a joint venture providing harbour tug services, for S$1.6 million, making JMS its 100% subsidiary.

SembMarine’s Mauá Jurong shipyard in Brazil secures US$550 million contract to construct a fixed gas production platform for Companhia Mexilhão do Brasil.
SembCorp Industries distributes S$264.6 million to shareholders as a tax-free capital reduction of 15 cents per share arising from the gain from the divestment of SembCorp Logistics.

SembMarine and Sembawang Shipyard acquire SMOE and Sembawang Bethlehem for S$183.73 million from SembCorp Industries to expand and grow the rig building and offshore engineering business.
SembCorp Industries incorporates 100% captive insurance subsidiary, SembCorp Captive Insurance.
SembCorp Industries sells its remaining 12% stake in the former SembCorp Engineers & Constructors to Punj Lloyd and exits the engineering and construction business. The business was sold for a total of S$38 million.

Sembawang Shipyard wins a drillship upgrading contract worth S$30 million with Neptune Marine Oil & Gas.

PPL Shipyard signs contract with Offshore Group Corp, which exercised its option for another jack-up rig for US$155 million.
SembMarine sells 30,000,000 shares of COSCO Corporation for a gain of S$25.7 million.
Jurong Shipyard wins four contracts worth US$738 million, for the construction of a heavy-lift jack-up barge for Saudi Aramco Overseas Company and a semi-submersible drilling unit for Noble Drilling and the conversion of two FPSOs for Tanker Pacific.

SembCorp Industries enters into an agreement to sell its interest in Wuxi Garden City Mall Hotel Company. The transaction yielded an exceptional gain of S$83 million.
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