Seatrium divests non-core assets to deliver over S$50 million in annualised cost savings

Reuters

02/23

<a href="https://laohu8.com/S/5E2.SI">Seatrium</a> divests non-core assets to deliver over S$50 million in annualised cost savings

Seatrium Ltd. announced a series of non-core asset divestments expected to deliver over S$50 million in annualised operational cost savings after completion by early 2026. Key transactions include the sale of 17 tugboats in Singapore for S$104 million, the sale of the Can-Do 2 floating dock for about S$16.9 million, the divestment of its Karimun Yard in Indonesia for S$22 million, and the expected completion of its Crescent Yard divestment in Singapore for S$12.5 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Seatrium Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: 5YKUGNGX8EGBKHY6) on February 22, 2026, and is solely responsible for the information contained therein.

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Key transactions include the sale of 17 tugboats in Singapore for S$104 million, the sale of the Can-Do 2 floating dock for about S$16.9 million, the divestment of its Karimun Yard in Indonesia for S$22 million, and the expected completion of its Crescent Yard divestment in Singapore for S$12.5 million.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n<i>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Seatrium Ltd. published the original content used to generate this news brief via <a href=\"https://laohu8.com/S/SPXCF\">Singapore Exchange</a> Limited (SGX) (Ref. ID: 5YKUGNGX8EGBKHY6) on February 22, 2026, and is solely responsible for the information contained therein.</span></i>\n</p>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SG9999014484.SGD","symbol_name":"Nikko AM ASEAN Equity Fund A SGD","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260222:nNDL3p15cy:1","article_id":"2613022271","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2613022271","pubTimestamp":1771798490,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Seatrium Ltd. announced a series of non-core asset divestments expected to deliver over S$50 million in annualised operational cost savings after completion by early 2026. 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Key transactions include the sale of 17 tugboats in Singapore for S$104 million, the sale of the Can-Do 2 floating dock for about S$16.9 million, the divestment of its Karimun Yard in Indonesia for S$22 million, and the expected completion of its Crescent Yard divestment in Singapore for S$12.5 million.\n      \n\n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Seatrium Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: 5YKUGNGX8EGBKHY6) on February 22, 2026, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation,event","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}