Sembcorp Industries (SG:U96) has released an update.
Sembcorp Industries has secured a dual currency revolving credit facility worth RMB400 million from DBS Bank (Hong Kong), aimed at bolstering its growth in China, particularly in the renewables sector. The credit, equivalent to approximately S$74 million, will support various corporate activities, including refinancing, capital expenditure, and potential mergers and acquisitions. This strategic financial move aligns with Sembcorp’s commitment to optimizing its capital structure and expanding its operations, as highlighted during their Investor Day.
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