Sembcorp: Joint Venture Wastewater Treatment Company In China Fined.

20 Jan 2020 10:31

The joint venture company wastewater treatment company in China was fined S$10 million in the fourth quarter of 2019 related to the alleged discharge of off-specification wastewater. In late December 2019, a civil settlement agreement, which is expected to be finalised in February 2020, was also reached with the local authorities. Sembcorp Industries' share of fines and cash settlement for both the criminal and civil claims amount to a total of S$54 million, which has been fully provided for as at September 30, 2019. No further financial impact is expected...

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