Company briefs: Sembcorp Marine

Sembcorp Marine

Sembcorp Marine said it has signed an engineering and construction contract worth about US$1 billion (S$1.35 billion) to build the world's largest semi-submersible crane vessel for a unit of the Netherlands-based Heerema Marine Contractors.

The contract follows a letter of intent to build the vessel signed between SembMarine's wholly owned subsidiary Jurong Shipyard and Heerema Offshore Services in March this year.

The ship is scheduled for delivery in the fourth quarter of 2018 and will be built at the Sembcorp Marine Tuas Boulevard Yard.

Singapore Post

Singapore Post yesterday announced that its subsidiary, Famous Holdings, had bought an 80 per cent stake in Rotterdam Harbour Holding (FPS Rotterdam) for €8.4 million (S$12.6 million).

FPS, which provides personnel, facilities and information and communications technology services for companies in Rotterdam harbour, is now an indirect subsidiary of SingPost.

For the year ended Dec 31, FPS' net asset value stood at about €2.69 million.

SingPost said an additional sum of up to €3.6 million may be paid if certain performance targets are achieved.

The stake was bought from ETC Etcetera Beheer and Rubus Beheer.

CapitaLand Mall Trust

The management of CapitaLand Mall Trust (CMT) is exploring options to potentially sell or redevelop Funan DigitaLife Mall, an announcement filed to Singapore Exchange yesterday said.

The move is in line with the trust's policy of "continually evaluating CMT's portfolio of assets and exploring opportunities to maximise the value for CMT's assets", it said.

The popular IT gadget mall in town is one of CMT's 16 shopping malls on its local portfolio, which also includes Bugis Junction, JCube and Raffles City Singapore.

The trust stressed that no decision has been made regarding the future of Funan DigitaLife Mall.

"CMT has not entered into any agreement or transaction in connection with the terms of the options, nor is there any certainty or assurance that CMT will enter into or conclude any such transactions," it added.

A version of this article appeared in the print edition of The Straits Times on July 16, 2015, with the headline 'Company briefs: Sembcorp Marine'. Print Edition | Subscribe