Sembcorp Marine merges wholly-owned units
Jurong Solutions and Dolphin Rig 7 is now incorporated.
In a release, Sembcorp Marine Ltd announced the incorporation of wholly-owned subsidiaries: Jurong Solutions Pte. Ltd. and Dolphin Rig 7 Pte. Ltd.
The principal activity of Jurong Solutions Pte. Ltd. is to provide management and technical services while the main activities of Dolphin Rig 7 Pte. Ltd. are in the provision of marine/ offshore engineering and shipbuilding services.
The incorporation of the said subsidiaries is not expected to have any material impact on the net tangible assets and earnings per share of the Company for the current financial year.