Media Releases

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.

Further to the Announcement, the Company wishes to inform that its wholly-owned subsidiary, Sembcorp Marine Integrated Yard Pte. Ltd. (“SMIY”), has completed the acquisition of 100% equity stake in LMG. Accordingly, LMG has become an indirect wholly-owned subsidiary of the Company.

Sembcorp Marine Limited (the “Company”) wishes to announce that it has today entered into a sale and purchase agreement with PPL Holdings Pte Ltd (“PPLH”) and E-Interface Holdings Limited (“EIHL”) to acquire the remaining 15% in the issued and fully paid-up share capital of PPL Shipyard Pte Ltd (PPLS”) (“the Acquisition”) for an aggregate cash consideration of US$115,058,934.

Sembcorp Marine Ltd (the “Company”) is pleased to announce that its wholly-owned subsidiary, Sembcorp Marine Integrated Yard Pte. Ltd. (“SMIY”), has entered into a sale and purchase agreement with its existing shareholders to acquire a 100% equity stake in LMG Marin AS (“LMG”) for US$20 million (the “Acquisition”).

Sembcorp Industries (Sembcorp) posted a net profit of S$193.5 million and a turnover of S$3.7 billion for the first half of 2016 (1H2016) compared to S$365.8 million and S$4.7 billion in 1H2015 respectively.

Nanjing International Water Hub, an upcoming centre for water industry players developed by Sembcorp, today secured two respected water research institutes from China as strategic partners.

Sembcorp Industries (Sembcorp) is pleased to announce that it has signed memoranda of understanding (MOUs) today with Mitsubishi Electric and Scinor (Asia) respectively, to test-bed new technologies for water, under the Sembcorp Industrial Living Lab initiative.

A team of two students from Nanyang Technological University, Oh En Yao Joshua and Goh Jing Yaw, has been named the winner of the Sembcorp Water Technology Prize (SWTP) 2016.

Sembcorp Marine Ltd (“Sembcorp Marine” or the “Company”) is pleased to announce that it has acquired a 50% equity stake in KANFA Aragon AS (“Aragon”) for NOK 20 million (the “Acquisition”) from Sevan Marine ASA.

Sembcorp Marine Ltd (the “Company”) refers to the December 3, 2015, statement 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”).

Sembcorp Marine, a global leader in offshore and marine engineering solutions, has delivered the high-specification jack-up rig Maersk Highlander (formerly known as Hercules Highlander) to Maersk Highlander UK Ltd.

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