Sembcorp Industries (Sembcorp) posted a net profit of S$394.9 million and a turnover of S$7.9 billion for the full year 2016 (FY2016) compared to S$548.9 million and S$9.5 billion in FY2015 respectively.
Further to the announcement made on 15 November 2016 in relation to the disposal of shares in Cosco Shipyard Group Co, the Company wishes to inform that the relevant Chinese regulatory authorities have approved the sale of shares in CSG to COSCO and a new Foreign-Investment Enterprise Certificate has been issued. Parties will finalize payment arrangements within the stipulated time under the sale and purchase agreement, expected to be completed by 1Q2017.
Sembcorp Industries (Sembcorp) is pleased to announce that its power plant in Chongqing has successfully commenced full commercial operation following the completion of its second 660-megawatt unit. The 1,320-megawatt coal-fired plant comprises two units of 660 megawatts each, with the first unit completed in November 2016.
Sembcorp Industries (Sembcorp) is pleased to announce the signing of a build-operate-transfer (BOT) agreement with the Ministry of Electricity and Energy of Myanmar (MOEE), for its upcoming 225-megawatt Sembcorp Myingyan gas-fired power plant in Mandalay.
Sembcorp Marine Ltd (the “Company”) refers to the announcement made on October 4, 2016, on a standstill agreement between North Atlantic Drilling Ltd (“NADL”) and Jurong Shipyard Pte Ltd (“JSPL”), a wholly owned subsidiary of the Company, for the delivery of the semi-submersible drilling rig, the West Rigel (the “Unit”). The Company wishes to announce that the standstill agreement has been further extended to July 6, 2017.