Brief: Sembcorp Industries Updates On Legal Proceedings On Divested Municipal Water Assets
12/10/2026 11:47
BRIEF-Sembcorp Industries Updates On Legal Proceedings On Divested Municipal Water Assets Oct 12 (Reuters) - Sembcorp Industries Ltd SCIL.SI:
UPDATE IN LEGAL PROCEEDINGS IN RESPECT OF DIVESTED MUNICIPAL WATER ASSETS
ON 9 OCTOBER 2026, CONSTITUTIONAL COURT ISSUED ITS JUDGMENT (JUDGMENT) IN APPEAL AGAINST SCA DECISION
LEGAL PROCEEDINGS CHALLENGING MUNICIPAL CONSENT HAVE BEEN FINALLY DETERMINED
ON 9 OCTOBER CONSTITUTIONAL COURT DISMISSED CHALLENGE BY UNSUCCESSFUL BIDDER
EFFECT OF JUDGMENT IS THAT IT MAINTAINS VALIDITY AND ENFORCEABILITY OF SHARE PURCHASE AGREEMENT OF SALE.
JUDGMENT NOT EXPECTED TO HAVE ANY MATERIAL IMPACT ON EPS AND NET TANGIBLE ASSETS PER SHARE OF CO FOR FY ENDING DEC 31, 2026
Further company coverage: SCIL.SI
((Reuters.Briefs@thomsonreuters.com;))
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