Stock Track | Sembcorp Industries Soars 3.05% on Increased Stake in Senoko Energy

Stock Track

06/16

Sembcorp Industries Ltd (SGX: U96) saw its stock soar by 3.05% during intraday trading on Monday, following the announcement of a strategic acquisition that strengthens its position in the energy ...

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This move significantly increases Sembcorp's ownership in Senoko Energy to 50%, positioning the company as a major player in Singapor","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"U96.SI":"胜科工业"},"translate_title":"胜科工业增持Senoko Energy股份，股价飙升3.05%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"U96.SI":1},"content_text":"Sembcorp Industries Ltd (SGX: U96) saw its stock soar by 3.05% during intraday trading on Monday, following the announcement of a strategic acquisition that strengthens its position in the energy sector.\nThe company, through its wholly owned subsidiary Sembcorp Utilities, has successfully completed the acquisition of an additional 28.6% stake in Lion Power (2008) for S$72 million. This move significantly increases Sembcorp's ownership in Senoko Energy to 50%, positioning the company as a major player in Singapore's energy market.\nThe acquisition deal comprises a purchase price of S$69 million and a working capital adjustment of S$3 million. This strategic move is expected to enhance Sembcorp Industries' energy portfolio and potentially boost its long-term growth prospects. Investors have responded positively to this development, as reflected in the stock's upward movement.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}