27 April 2016

Sete Brasil/ Keppel / Sembcorp

Image result for keppel corp, SembCorp,           Image result for keppel corp, SembCorp,

Sete Brasil shareholders have approved plan for bankcruptcy.

- Keppel has USD4.9b and SMM has USD5.6b of rigbuilding contracts with Sete Brasil.
- Keppel subsequently took a provision of SGD230m and SMM took SGD381m for the Sete Brasil contracts.


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