SINGAPORE (June 12): Sembcorp Industries' wholly-owned subsidiary, Sembcorp Development, has disposed of its entire 10.27% stake in Gallant Venture for a consideration of $62 million. Sembcorp’s interest represents some 548 million ordinary shares. Upon completion of the transaction, Sembcorp wil...

SEMBCORP Industries’ wholly owned subsidiary Sembcorp Development disposed its entire 10.27 per cent equity interest in Gallant Venture for a consideration of S$62 million.