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BRIEF-Sembcorp Industries Announces Divestment Of Commercial Construction Business Of Sembcorp Design & Construction

Reuters SG

Oct 2 (Reuters) - Sembcorp Industries Ltd:

* ANNOUNCES DIVESTMENT OF COMMERCIAL CONSTRUCTION BUSINESS OF SEMBCORP DESIGN & CONSTRUCTION

* DEAL FOR GROSS PROCEEDS OF APPROXIMATELY S$49.9 MILLION.

* WILL RETAIN SDC'S DEFENCE-RELATED CONSTRUCTION BUSINESS BY TRANSFERRING ITS STAKE TO SEMBCORP SPECIALISED CONSTRUCTION

* SIGNED AN AGREEMENT TO DIVEST COMMERCIAL CONSTRUCTION BUSINESS UNDER ITS UNIT TO CHIP ENG SENG CONSTRUCTION PTE Source text for Eikon: Further company coverage: