January 30, 2008
Further to the announcement dated January 18, 2008 on the contract awarded to Sembcorp Industries in relation to the NEWater Plant from PUB, Sembcorp Industries announces that its wholly-owned subsidiary, Sembcorp Utilities has incorporated a 100%-owned subsidiary, Sembcorp NEWater Pte Ltd in Singapore as the special vehicle for this project.
Further to the announcement dated January 18, 2008 on the contract awarded to Sembcorp Industries in relation to the NEWater Plant from PUB, Sembcorp Industries announces that its wholly-owned subsidiary, Sembcorp Utilities has incorporated a 100%-owned subsidiary, Sembcorp NEWater Pte Ltd in Singapore as the special vehicle for this project.
The principal activity of Sembcorp NEWater is to design, build, own and operate the NEWater Plant at Changi and to supply NEWater to PUB.
The issued share capital of Sembcorp NEWater is S$17.6 million divided into $8 million ordinary shares and S$9.6 million redeemable preference shares.
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