Asset Acquisitions and Disposals::CHANGE IN INTEREST IN ASSOCIATED COMPANY

Issuer & Securities

Issuer/ Manager
SEMBCORP INDUSTRIES LTD
Securities
SEMBCORP INDUSTRIES LTD - SG1R50925390 - U96
Stapled Security
No

Announcement Details

Announcement Title
Asset Acquisitions and Disposals
Date &Time of Broadcast
26-Jul-2018 17:10:17
Status
New
Announcement Sub Title
CHANGE IN INTEREST IN ASSOCIATED COMPANY
Announcement Reference
SG180726OTHRG2B2
Submitted By (Co./ Ind. Name)
Kwong Sook May
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
CHANGE IN INTEREST IN ASSOCIATED COMPANY

Singapore, July 26, 2018 Sembcorp Industries (the Group) announces that as a result of its wholly-owned subsidiary Sembcorp Utilities non-subscription to new shares issued by Biowater Technology, the Group s effective stake in Biowater Technology has been diluted from 28.9% to 8.6%. Following this change, Biowater Technology has ceased to be an associate of the Group. This is not expected to have a material impact on the Group s earnings per share and net asset value per share for the financial year ending December 31, 2018.