BRIEF-Sembcorp Terminates Amaravati Capital City Development

  • Reuters
  • Stock Market News
BRIEF-Sembcorp Terminates Amaravati Capital City Development
Credit: © Reuters.

Nov 12 (Reuters) - Sembcorp Industries Ltd SCIL.SI :

* SEMBCORP INDUSTRIES LTD - AMARAVATI DEVELOPMENT PARTNERS AND STATE GOVERNMENT OF ANDHRA PRADESH HAVE MUTUALLY AGREED TO TERMINATE PROJECT

* SEMBCORP INDUSTRIES LTD - NO LONGER FEASIBLE TO DEVELOP AMARAVATI CAPITAL CITY START-UP AREA AS ORIGINALLY PLANNED

* SEMBCORP INDUSTRIES - CLOSURE OF PROJECT SHOULD NOT IN ANY WAY IMPACT CAPITALAND'S AND SEMBCORP'S INVESTMENT PLANS IN INDIA

* SEMBCORP INDUSTRIES LTD - PROJECT CLOSURE IS NOT EXPECTED TO HAVE A MATERIAL IMPACT ON EPS OF SEMBCORP INDUSTRIES FOR FY ENDING DECEMBER 31, 2019

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