SembCorp Marine brings block

Placement follows strong share price performance.
June 03, 2005

Japan's Ishikawajima Heavy Industries (IHI) halved its stake in Singapore's SembCorp Marine yesterday (June 2) raising S$60.6 million ($36 million) from a 30 million share deal. The JPMorgan-led offering was priced at S$2.02 per share, which equated to a 3.3% discount to the stock's S$2.09 close.

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