Media Releases

Listed engineering services group SembCorp Industries has formed two strategic units in the areas of utilities and engineering & construction.

SembCorp Industries wishes to announce that its wholly-owned subsidiary, Sembawang Corporation Ltd, has acquired 3,062,000 ordinary shares of $0.10 each in the capital of SembCorp Marine Ltd from the open market at a consideration of $0.695 per share.

Sembawang Marine & Offshore Engineering (SMOE), the Oil & Gas division of SembCorp Engineering (SembENG), has been awarded a S$100 million contract by Vietsovpetro of Vietnamfor the construction of a water injection platform for the White Tiger Oil Field, offshore Vietnam.

SembCorp Cogen (SembCogen), a joint venture between SembCorp Engineering (50 per cent), Tractebel (30 per cent) and EDB Investments (20 per cent) has secured a S$460 million syndicated loan for the development of its 815MW combined cycle co-generation plant on Jurong Island, the first privately developed merchant power plant and largest co-generation plant in Singapore.

SembCorp Industries wishes to announce that following the approval obtained from its shareholders at the Extraordinary General Meeting held on October 31, 2000 for the proposed acquisition of SemacPte Ltd by its wholly-owned subsidiary, SembCorp Waste Management Pte Ltd(SembWM), SembWM had on November 6, 2000 completed the acquisition.

SembCorp Industries wishes to announce that following the approval obtained from its shareholders at the Extraordinary General Meeting held on October 31, 2000 for the proposed acquisition of SemacPte Ltd

SembCorp Industries wishes to announce that following the approval obtained from its shareholders at the Extraordinary General Meeting held on October 31, 2000 for the proposed acquisition of SemacPte Ltd by its wholly-owned subsidiary, SembCorp Waste Management Pte Ltd(SembWM), SembWM had on November 6, 2000 completed the acquisition.

Sembawang Marine & Offshore Engineering, the Oil & Gas division of SembCorp Engineering (SembENG), has recently been awarded three contracts with a total value of approximately S$200million.

SembCorp Industries wishes to announce that its wholly-owned subsidiary, Sembawang Corporation Ltd, has acquired 6,200,000 ordinary shares of $0.10 each in the capital of SembCorp Marine Ltd from the open market at a consideration of $0.70 per share.

SembCorp Industries wishes to announce that it will issue $250 million five-year fixed rate notes under its recently established $500 million Medium Term Note Programme. The Notes will bear a fixed rate coupon of 4.45 per cent. per annum, payable semi-annually in arrears. This issue is the maiden issue by SembCorp Industries.

SembCorp Industries’ waste management unit SembCorp SITA, a joint venture company of SembCorp Waste Management and SITA, waste services business of the Suez Lyonnaise des EauxGroup, has brought medical waste collection and disposal operations and services online at www.gowaste.com.sg.

SembCorp Industries has launched its first arts sponsorship programme since its formation in October 1998.

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