Sembcorp Industries share price at S$6.05: what to watch before Feb 25 results

Shares of Sembcorp Industries Ltd slipped 1.6% to close at S$6.03 on Friday, giving back part of Thursday’s 3.6% gain. The drop came after shareholders approved the acquisition of Australia’s Alinta Energy at an extraordinary general meeting, held separately from the annual meeting. According to a filing, the deal secured overwhelming support, with 99.76% of votes cast in favor.

Sembcorp Industries Ltd shares edged up on Friday, bucking the choppy Singapore market. Investors positioned themselves ahead of a shareholder vote on the group’s proposed Alinta Energy deal. The stock ticked up 0.34% to S$5.99, trading within a range of S$5.97 to S$6.05.