SG briefs: Sembcorp Industries, Sovico Group, Keppel, Chip Eng Seng

Solar panels. Photo by Jeremy Bezanger on UnsplashSolar panels. Photo by Jeremy Bezanger on Unsplash

Singapore company briefs: Sembcorp Industries, Keppel Corp., Sovico Group and Chip Eng Seng. 

Sembcorp Industries

Sembcorp Industries said Friday it has entered several partnerships to develop energy and urban services to support Vietnam’s energy transition and sustainable development, including sustainable industrial park development, power systems, renewable energy and technology and skills building. 

Signed agreements were presented during Vietnam President Nguyen Xuan Phuc’s state visit to Singapore, Sembcorp said in a filing to SGX.

“Vietnam has been one of Southeast Asia’s fastest growing economies and is a core market in Sembcorp’s transformation strategy. The collaborations reaffirm our deep commitment to Vietnam,” Wong Kim Yin, Sembcorp’s group president and CEO, said in the statement. 

Keppel Corp. and Sovico Group

Keppel group and Sovico Group signed two memoranda of understanding (MOUs) to explore developing and rolling out energy and environmental services, and to develop and operate smart and sustainable projects in Vietnam’s gateway cities, starting with Hanoi and Ho Chi Minh City (HCMC). 

“Keppel is pleased to extend our collaboration with Sovico Group to provide sustainable energy and urbanisation solutions for Vietnam. Keppel has been investing in Vietnam for over three decades, and we are glad to contribute further to Vietnam’s development,” Loh Chin Hua, CEO of Keppel Corp., said in a statement filing to SGX.

The projects would likely include renewables, electrification, particularly of vehicles and charging infrastructure, energy efficiency and domestic solid waste treatment, the filing said.

Read Keppel’s and Sovico’s statement

Chip Eng Seng

Chip Eng Seng said Friday its wholly owned subsidiary CEL-Alexandra served a six-month termination notice on Park Hotel Group Management, the operator of the hotel located at Singapore’s 323 Alexandra Road, which is wholly owned by CEL-Alexandra. 

“After the expiry of the termination notice, the hotel will be temporarily closed for refurbishment and will be rebranded. A new operator will be appointed to manage the Hotel under the new brand. The company expects that the hotel will reopen for business under the new brand around the first quarter of 2023,” Chip Eng Seng said in a filing to SGX.