Approval by Malaysian Regulatory Authority to divest 30% Equity Interest in Sime SembCorp Engineering Sdn. Bhd.

Dec 21, 2004

Following its earlier announcement, SembCorp Industries is pleased to announce that the Malaysian International Trade & Industry (MITI) has granted approval for its fully owned subsidiary, SembCorp Utilities to divest its 30% equity stake in the registered capital of Sime SembCorp Engineering Sdn. Bhd.

The transaction is expected to be completed in early 2005 and details of SembCorp Utilities’ divestment of the 30% stake in Sime SembCorp Engineering Sdn. Bhd. can be found in the earlier press release dated October 19, 2004 which is available at www.sembcorp.com.sg
 

For enquiries, please contact:
 
Lim Siew Khee
Group Corporate Relations
SembCorp Industries
Tel: +65 6723 3076
Email: lim.siewkhee@sembcorp.com.sg

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