"Sembcorp Industries is planning an initial public offering of a joint venture company in Oman by the end of this year.
In a filing with the Singapore Exchange, Sembcorp confirmed that it will be listing the Sembcorp Salalah Power and Water Company because it is a stipulated requirement when the firm won the project in 2009.
Sembcorp holds a 60 per cent stake in the joint venture company, which owns and operates a US$1 billion (S$1.24 billion) water and power project in Oman."
'via Blog this'
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