SembCorp Logistics explained

SembCorp Logistics
Type:Public
Fate:Acquired by Toll Holdings
Foundation:Singapore
Location:Singapore
Defunct:May 2006
Successor:Toll Holdings
Industry:Transportation
Parent:Sembcorp
Website:www.semblog.com

SembCorp Logistics Limited (also known as SembLog) was a logistics company previously linked to Sembcorp based in Singapore. It was acquired by Australian transport giant, Toll Holdings in May 2006.[1] [2]

Before being taken over by Toll, SembCorp Logistics was a component of the Straits Times Index of the Singapore Stock Exchange (SGX) having been incorporated on 22 February 1971 as Sembawang Towing Co Pte Ltd and listed on the SGX on 18 June 1987. Over time, the company's operations have changed from marine towing to supply chain management and offshore logistics.[3]

References

  1. Toll's Asian growth platform successfully secured . 2006-05-03 . 2006-06-04 . . https://web.archive.org/web/20110706113217/http://www.toll.com.au/media/2006/331640.pdf . 2011-07-06.
  2. https://www.abc.net.au/news/2006-03-06/toll-to-acquire-singaporean-logistics-firm/812024 Toll to acquires Singaporean logistics firm
  3. News: Newswires. Shen HongDow Jones. 2001-02-20. SembCorp Logistics' Net Profit Jumped By 34% in 2000 on Stronger Core Areas. en-US. Wall Street Journal. subscription. 2021-09-21. 0099-9660.

External links