Dear readers, Sembcorp Marine and its parent company Sembcorp Industries stock were halted last Thursday (4 Jun 20) and remained halted on Friday (5 Jun 20). I am not surprised at the aforementioned news.
I have always been of the view that there will be some form of offshore marine and energy sector consolidation in Singapore which will lead to Sembcorp Marine stock being delisted or privatised. You can read all my previous posts on Sembcorp Marine being privatised and the consolidation of the offshore marine and energy sector here
I believe Sembcorp Marine stock will be divested off by Sembcorp Industries as Sembcorp Industries focuses on its energy businesses. Sembcorp Marine stock will become privatised thereafter divestment.
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