Sembcorp Industries Ltd (SGX:U96) acquired Binyang County Santai Energy Technology Co. Ltd. for CNY 100 million on December 28, 2023. The total consideration includes a deferred consideration which is payable on the fulfilment of the completion procedures. The acquisition does not have a material effect on the net tangible assets or earnings per share of the Sembcorp Group for the financial year ended December 31, 2023.

Sembcorp Industries Ltd (SGX:U96) completed the acquisition of Binyang County Santai Energy Technology Co. Ltd. for CNY 100 million on December 28, 2023.