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. (MarketScreener)
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. (StockAnalysis)
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. (Sembcorp)
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. (Reuters)
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. (Sembcorp)
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.
