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Sembcorp reorganisation a precursor to listing of India assets?

Michelle Zhu
Michelle Zhu2/21/2018 10:52 AM GMT+08  • 3 min read
Sembcorp reorganisation a precursor to listing of India assets?
Singapore (Feb 21): CIMB is maintaining its “add” call on Sembcorp Industries (SCI) with an unchanged target price of $3.87 after the conglomerate on Monday said it was reorganising its India energy operations for a more streamlined shareholding struc
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Singapore (Feb 21): CIMB is maintaining its “add” call on Sembcorp Industries (SCI) with an unchanged target price of $3.87 after the conglomerate on Monday said it was reorganising its India energy operations for a more streamlined shareholding structure and greater synergy.

SCI is due to conduct its full-year results briefing on Friday morning together with an update on its ongoing strategic review.

To recap, Sembcorp’s wholly-owned subsidiary, Sembcorp Utilities (SCU), has transferred its entire 88% stake in Sembcorp Gayatri Power (SGPL) to Thermal Powertech Corporation India (TPCIL) as part of the reorganisation.

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