Sembcorp Is Said to Conduct Strategic Review of Business (2)

Sembcorp Industries Ltd. is carrying out a strategic review of its business, with various possibilities under consideration, including potentially going private or selling some assets, people with knowledge of the matter said.

The Singaporean firm, which is backed by state-owned Temasek Holdings Pte, is working with a financial adviser on the review, according to the people, who asked not to be identified because the matter is private.

Sembcorp’s stock rose as much as 4.9%, the steepest intraday gain since Aug 7.

Considerations are at an early stage and Sembcorp may decide not to pursue any deal, the people said. ...