Friday 29 January 2016

SGX Stock Picks News: Sembcorp Industries Deprived the entire 60 percent stake in Sembcorp Air Products

SGX Stock Picks: Sembcorp Industries has declared the fulfillment of the divestment of its whole 60 percent stake in Sembcorp Air Products (SembAP) to Eastman Chemical Singapore for around $4 million. Furthermore, the gathering has exchanged its propylene decontamination plant on Jurong Island to Eastman Chemical Singapore for $5.7 million.

SembAP makes and arrangements in hydrogen, carbon monoxide and amalgamation gas on Jurong Islan, and holds 50 percent stake in Sakra Island Carbon Dioxide. Taking after the divestment, SembAP and Sakra Island Carbon Dioxide have stopped to be a piece of the gathering. 

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