Brief: Sembcorp Industries Says Sembcorp Cogen Accepted Offer To Enter Consent Order For $50.9 Mln

Sembcorp Industries

01/10/2024 12:32

Oct 1 (Reuters) - Sembcorp Industries Ltd  SCIL.SI :
    * SEMBCORP COGEN HAS ACCEPTED AN OFFER TO SETTLE AND TO
ENTER A
CONSENT ORDER FOR US$50.9 MILLION
    * PARTIES HAVE AGREED TO SETTLEMENT WITHOUT ADMISSION OF
LIABILITY
FOR LIMS
    * SEMBCORP COGEN WILL CONTINUE TO PURSUE ITS CLAIMS AGAINST
UT
    * SETTLEMENT RELATES TO CLAIMS FOR GASOIL THAT WAS PURCHASED
BY
SEMBCORP COGEN FROM HIN LEONG TRADING (PTE)


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