Court upholds Sembcorp sale agreement for municipal water assets
Reuters reports that Singapore’s Constitutional Court rejected a failed bidder’s challenge, preserving Sembcorp’s agreement to sell municipal water assets.
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what happened
Reuters reports that Singapore’s Constitutional Court issued its judgment on 9 October in an appeal against a decision of the Singapore Court of Appeal concerning municipal water assets previously divested by Sembcorp Industries Ltd.
The court dismissed a challenge brought by the unsuccessful bidder. The legal proceedings over municipal consent have therefore been finally determined, while the share purchase agreement for the sale remains valid and enforceable.
Sembcorp Industries said the judgment is not expected to have any material effect on the company’s earnings per share or net tangible assets per share for the financial year ending 31 December 2026.
why it matters
The ruling removes the legal challenge surrounding the divestment of the municipal water assets. Sembcorp does not expect a material impact on its stated per-share indicators for the year ending 31 December 2026.
instruments
sources
- Sembcorp Industries Updates On Legal Proceedings On Divested Municipal Water Assets — Reuters, 12 October 2026 at 10:47 UTC
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