Temasek Holdings Plays a Big Role in Sembcorp Marine Spin Out
Posted on 06/12/2020
Singapore’s Temasek Holdings agreed to back a S$ 2.1 billion rights issue by Sembcorp Marine (SembMarine). SembMarine is a loss-making subsidiary of Sembcorp Industries (SCI). This emergency rescue plan was revealed on June 8, 2020. Sembcorp Industries owns 61% of SembMarine. Temasek Holdings owns a 49.3% stake in Sembcorp Industries. Sembcorp Industries will subscribe for […]
