Media Releases

SembCorp Industries Ltd announces that its subsidiary Sembawang Corporation Ltd (Sembawang) has today concluded an agreement for a full and final amicable settlement of the dispute between Sembawang and Allseas relating to the conversion of the pipelay vessel Solitaire. The case has been under arbitration in London since 1995.

SembCorp Industries Ltd (“SembCorp”) announces that it is rationalising its industrial park and leisure investments on the Indonesian Riau Islands through the consolidation of these investments (the “Consolidation”) under a Singapore incorporated company, Gallant Venture Pte. Ltd. (“GV”). GV has obtained a letter of eligibility from the Singapore Exchange Securities Trading Limited (“SGX”) for the listing and quotation of all its issued shares on the SGX-ST Dealing and Automated Quotation System (“Listing”) and has today lodged its listing prospectus with the Monetary Authority of Singapore.

The Board of Directors (the “Board”) of SembCorp Industries Ltd (“SembCorp” or the “Company”) refers to the voluntary conditional cash offer (the “Offer”) by Standard Chartered Bank, for and on behalf of Toll (Asia) Pte. Ltd. (the “Offeror”), a wholly-owned subsidiary of Toll Holdings Limited, for all the ordinary shares (“SembLog Shares”) in the capital of SembCorp Logistics Limited (“SembLog”), and its announcement dated 6 March 2006 (the “Undertaking Announcement”) in relation to the Company’s irrevocable undertaking (the “Undertaking”) to accept the Offer in respect of all its SembLog Shares.

50/50 joint venture is poised to become a leader in Asia Pacific’s lead recycling industry with 315,000 tonne output capacity by end 2006

Jurong Shipyard, a subsidiary of SembCorp Marine, has signed a Letter of Intent with PetroMena AS to build a 2nd unit of a Friede & Goldman Ex-D design semi-submersible drilling rig for US$480 million.

SembCorp Industries (SembCorp) today announced that Toll Holdings Limited of Australia (Toll), through wholly-owned Toll (Asia) Pte. Ltd., had made a voluntary conditional cash offer (Offer) for all the shares of its subsidiary, SembCorp Logistics (SembLog), at a price of S$1.70 per share if the total acceptances received for the Offer is less than 90%; and S$1.80 per share if the total acceptances received for the Offer is not less than 90%. The Offer is conditional upon Toll having received acceptances of more than 50% of the total SembLog shares. SembCorp owns approximately 60.01% of the total SembLog shares.

SembCorp Industries ended FY2005 on a strong note with a 22% growth in Profit After Tax and Minority Interest (PATMI) before exceptional items (EI) to $278.5 million. In FY2004, the company saw substantial EI arising from SembCorp Logistics’ divestment of its stake in KNI. This resulted in a gain of about $650 million for SembCorp Industries, close to half of which was returned to shareholders by way of special dividend and capital reduction in 2005.

SembCorp Industries refers to the report by Australian newspaper Financial Review on February 20, 2006.

See attached below.

SembCorp Industries wishes to announce that Mr Lua Cheng Eng has vacated his office of Director and Audit Committee Chairman on the Company’s Board, and that Mr Richard Hale who is an existing member of the Audit Committee and who is an independent Director has been appointed as the new Audit Committee Chairman. Both changes are with effect from 14 February 2006.

SembCorp Marine wishes to announce the appointment of Mr Goh Geok Ling as the Chairman and a Director in place of Mr Lua Cheng Eng who has vacated the office of Chairman and Director on the SembCorp Marine Board with effect from February 14, 2006.

SembCorp Industries would like to announce that Ms Chong Phit Lian has resigned as President and CEO of the Singapore Mint and Singapore Precision Industries (SPI), wholly-owned subsidiaries of SembCorp Industries. Her resignation will be effective on March 15, 2006.

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