Shares in Singapore’s SembCorp Marine fell more than 15 per cent on Tuesday after the world’s number two offshore oil rig maker said it could lose up to $m from alleged unauthorised forex trading by its finance director. SembCorp Marine said Wee Sing Guan, the 31/12/ · Singapore, February 20, Sembcorp Marine posted a net loss of $ million for the 12 months ended December 31, (FY ), compared with the net loss of $74 million for FY This was due mainly to the accelerated depreciation for the Tanjong Kling Yard of $48 million and continued low overall business volume 25/10/ · SINGAPORE, Oct 25 (Reuters) - Singapore's SembCorp Marine blogger.com has named PricewaterhouseCoopers as the independent accounting firm to investigate potential Estimated Reading Time: 2 mins
Sembcorp Marine : Attributable Loss Widens in H1 | MarketScreener
SINGAPORE MarketWatch -- SembCorp Marine Ltd. SG will pay Sembcorp marine forex loss Societe Generale The payment marks the first step toward owning up to losses allegedly made by Wee Sing Guan, who was fired last month.
SembCorp Marine has closed out the positions but has been criticized for failing to provide details on the nature of the transactions. A portion of the injection will be paid to Societe Generale to cover losses as well as interest on the outstanding obligation. SembCorp Marine did not book any of the losses in the third quarter ended Sembcorp marine forex loss. Another analyst, sembcorp marine forex loss, who asked not to be named, said he has factored the entire loss into his valuation of the company.
SembCorp Marine said it is in talks with other banks among the 11 institutions involved in the trades, but it maintains the transactions are not binding. Faith plus action really works. Cryptocurrency Europe Rates Asia Futures Currencies. Barron's Best New Ideas Stocks IPOs Mutual Funds ETFs Options Bonds Commodities Currencies Cryptocurrencies Futures Financial Adviser Center Cannabis Newswires, sembcorp marine forex loss.
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, time: 12:50SembCorp burned by forex losses | Upstream Online
23/09/ · Singapore: Sembcorp Marine has reached full and final settlement with Societe Generale over $m in foreign exchange hedging losses 23/10/ · A major scandal has rocked Singapore's corporate scene. SembCorp Marine down 15% after forex losses SembCorp Marine, the world's second-largest manufacturer of oil rigs, revealed late last night that it might rack up losses of as much as US$ million ($ million) from unauthorised foreign exchange transactions 19/11/ · SINGAPORE (MarketWatch) -- SembCorp Marine Ltd. (SSG) will pay France's Societe Generale (FR) US$ million to settle part of a US$ million loss linked to foreign exchange trades
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