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SEMBMARINE REQUESTS TRADING HALT PENDING ANNOUNCEMENT

Thu, Mar 30, 2023 - 02:28 PM

Michelle Zhu
michellezhu@sph.com.sg @MichZhuBT

SEMBCORP MARINE

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GOT IT.
Shares of Sembcorp Marine have been halted as at 1.24 pm on Thursday.
PHOTO: SEMBCORP MARINE

SEMBCORP Marine : S51 +1.63% (Sembmarine) called for a trading halt with
immediate effect on Thursday (Mar 30) less than half an hour after the midday
break.

The counter last changed hands at S$0.111, down S$0.004 or 3.5 per cent, with
300 million securities transacted as at 1.24 pm when it requested a halt in the
trading of its shares. 

No married deals took place in early trade, according to ShareInvestor Data.



The trading halt comes a day after Sembmarine released a Mar 29 statement that
preliminary administrative proceedings against its wholly-owned subsidiary,
Estaleiro Jurong Aracruz (EJA), were related to past conduct linked to Brazil’s
anti-graft probe known as Operation Car Wash.

This follows the group’s announcement on Mar 24 that EJA was under investigation
for “alleged irregularities” in its practices.


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KEYWORDS IN THIS ARTICLE

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