Singapore, Jan 21, 2026, 15:06 SGT — Regular session
- Sembcorp Industries shares dipped further in afternoon trading, adding to losses from the past two days.
- Attention turns to the Jan 30 shareholder vote on the proposed Alinta Energy acquisition.
- Important dates this week: Jan 22 for submitting questions and Jan 27 for proxy filings.
Sembcorp Industries Ltd shares dropped 1.6% to S$5.98 in afternoon trading Wednesday, hitting a one-week low of S$5.95 earlier, according to market data. 1
The timing is critical as an extraordinary general meeting — an EGM, called outside the regular annual schedule — approaches. This shareholder vote will determine if the company can move forward with its largest overseas acquisition in years.
Investors are focusing on the details: the vote date, the financing of the deal, and the possibility that approvals could drag into midyear.
The stock fell 1.3% in the last session, closing at S$6.08, based on historical pricing data. 2
Sembcorp announced its EGM will take place on Jan 30 at 10:00 a.m. Singapore time, held in person only—no virtual attendance offered, according to its website. Proxy forms must be submitted by 10:00 a.m. on Jan 27, and advance questions are due by 5:00 p.m. on Jan 22. 3
In December, Sembcorp announced a deal to buy Australia’s Alinta Energy for an enterprise value of A$6.5 billion ($4.32 billion). The acquisition is expected to bring in roughly 1.1 million customers and add 3.4 gigawatts of capacity spanning gas, coal, wind, and solar, Reuters reported. 4
Sembcorp’s group CEO Wong Kim Yin said at the time, “This acquisition gives us a strong position in a key developed market.” Alinta chief executive Jeff Dimery called Sembcorp “an ideal long-term investor in Alinta.”
Sembcorp told investors it will pay in cash and doesn’t anticipate any equity fund-raising. Instead, it’s counting on a fully committed bridge facility — a short-term loan companies typically refinance later with longer-term debt. 5
The downside scenario is straightforward. If shareholder backing falters or Australian regulators delay approval, the market might begin factoring in a lengthier funding bridge and a slower transfer of earnings from the target.
The next key date is the company’s Q&A release, which comes after the January 22 question deadline. This happens before the January 27 proxy cutoff and the January 30 vote.
