Sembcorp divests medical waste treatment business for S$20 mil

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SINGAPORE (May 17): Sembcorp Industries announced that its wholly-owned subsidiary, Sembcorp Environment, has signed an agreement to divest its assets and businesses under its medical waste division in Singapore to TEE Medical Services, for S$20 million.

TEE Medical Services is a 50-50 joint venture between TEE Infrastructure, a wholly-owned subsidiary of TEE International, and Asia Enviro Services.

Sembcorp’s medical waste division specialises in the treatment and disposal of biohazardous and pharmaceutical waste.

The divestment is expected to be completed by mid-2018, subject to the novation of key customer contracts as well approvals on permits and...(click on link for full story on