Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Sembcorp challenges Yangzijiang over PPL stake

Sembcorp challenges Yangzijiang over PPL stake

Singapore: Sembcorp Marine has challenged Yangzijiang Shipbuilding Holding's move to acquire an indirect 15% stake in PPL Shipyard. Yangzijiang announced on April 17 it had issued a binding offer to Baker Technology to acquire its 15% stake in PPL Shipyard. Sembcorp Marine, which owns 85% of PPL Shipyard, issued a letter through its lawyers, Drew & Napier, asserting that the situation had triggered its pre-emption rights over the stake. Sembcorp Marine said it was now assessing the position taken by Baker Technology and Yangzijiang. [27/04/10]

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.