Sembcorp Marine faces an uncertain future after its majority shareholder Sembcorp Industries (SCI) announced a strategic review of the Singapore-listed conglomerate.
“Over the next few months, management will be undertaking a complete review of SCI’s businesses and strategic direction. The focus will be on performance, sustainability and value creation,” said OCBC analyst Low Pei Han.
Low says Neil McGregor, who became chief executive of SCI on 1 April, has an extensive international track record in the energy and infrastructure sectors.
