Sembcorp share offering solicits demand

Braving volatile equity markets, Singapore''s Sembcorp Industries has embarked on global roadshows for its secondary share offering.

Jackie Horne

March 16, 2001

Investor presentations for the185 million new share deal began in Singapore on Monday, moving to Japan mid-week and Hong Kong today (Friday). Under the lead of bookrunner JP Morgan, the team then moves to the US and Europe next week, before final pricing on or before March 28.

Books have already opened for the deal, which represents 11.5% of the company's enlarged share capital, and has an additional 27.75 million share greenshoe. Sembcorp itself is currently 57.83% government-owned, of which Singapore Technologies owns 44.4% and Temasek 13.43%.

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