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Seatrium CEO urges investors to stay the course as company tackles ‘energy trilemma’

by Riah Marton
in Lifestyle
Seatrium CEO urges investors to stay the course as company tackles ‘energy trilemma’
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SHAREHOLDERS of Seatrium : S51 0% – a company formed after a mega-merger between Keppel Offshore & Marine (Keppel O&M) and Sembcorp Marine (Sembmarine) – have been put through the wringer of late.

Not only have they had to part with money to support two deeply discounted rights issues, they have not been getting dividend payouts from the stock. Seatrium’s share price, at S$0.084 as at market close on Friday (Apr 5), would have shareholders questioning how much longer they should hold on.

In an interview with The Business Times, Seatrium’s chief executive Chris Ong said he was grateful to the retail investors for their “patience and loyalty”.

“You can only do your best during a downturn to make sure that you maintain value,” he said. “I’m very thankful, regardles…

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Tags: CEOCompanyEnergyenergy transitionInvestorsOffshore & Marineoil and gasRenewable EnergySeatriumStayTacklestrilemmaUrges
Riah Marton

Riah Marton

I'm Riah Marton, a dynamic journalist for Forbes40under40. I specialize in profiling emerging leaders and innovators, bringing their stories to life with compelling storytelling and keen analysis. I am dedicated to spotlighting tomorrow's influential figures.

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