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Seatrium Limited (SMBMY)
- The Edge Singapore
Seatrium secures FPSO topsides integration contract with MODEC
As at 9.04am, shares in Seatrium are trading 0.1 cent lower or 1.09% down at 9.1 cents.
- The Edge Singapore
Seatrium to establish $100 mil share buyback programme
Depending on the prices at which the shares are repurchased, the buyback programme could take more than a year to be completed.
- Reuters SG
UPDATE 2-Singapore's Keppel profit rises on strong infra, connectivity performance
Singapore's Keppel said on Thursday its first-quarter net profit excluding the effects of legacy offshore and marine assets was higher, boosted by strong performance in the global asset manager's infrastructure and connectivity segments. Including its legacy offshore and marine assets such as profit and loss effects from Seatrium shares, among others, Keppel's profit during the quarter fell, the company said in a statement. Keppel has been actively de-risking its investments through divestments of non-core assets such as Keppel Offshore & Marine.
