February 7, 2020 / 9:29 AM / 18 days ago

BRIEF-Sembcorp Industries Says Concluded Legal Proceedings For Sembcorp's China Unit

Feb 7 (Reuters) - Sembcorp Industries Ltd:

* LEGAL PROCEEDINGS FOR SEMBCORP’S CHINA UNIT CONCLUDED

* SHARE OF FINES AND CASH SETTLEMENT FOR BOTH CLAIMS REMAINS UNCHANGED AT A TOTAL OF S$54 MILLION

* THERE IS NO FURTHER FINANCIAL IMPACT ARISING FROM CONCLUSION OF LEGAL PROCEEDINGS

* TO COMMITT TO NEW INVESTMENTS OF ABOUT S$45 MILLION OVER NEXT FOUR YEARS TO PROJECTS SUPPORTING ENVIRONMENTAL PROTECTION IN CHINA

* PORTION OF NEW INVESTMENTS EARMARKED FOR UPGRADING FACILITIES FOR WASTEWATER TREATMENT BUSINESS IN JIANGSU

* SEMBCORP NANJING SUIWU HAS TERMINATED EMPLOYMENT OF THOSE INDIVIDUALS FOUND GUILTY

* LEGAL PROCEEDINGS IN CHINA RELATED TO DISCHARGE OF OFF-SPECIFICATION WASTEWATER BY SEMBCORP NANJING SUIWU Source text for Eikon: Further company coverage: (Reuters.Briefs@thomsonreuters.com)

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