Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Seatrium Limited ( (SG:5E2) ) has shared an update.
Seatrium Limited has finalized agreements with Brazilian and Singaporean authorities related to the Operation Car Wash investigations. The company signed a leniency agreement with Brazil’s Public Prosecutor’s Office and expects to sign further agreements with other Brazilian authorities, involving a settlement payment of approximately S$168.4 million. Additionally, Seatrium has finalized a Deferred Prosecution Agreement with Singapore authorities, which includes a financial penalty of US$110 million, with a portion credited against payments to Brazil, resulting in a net payment of US$57 million to Singapore.
The most recent analyst rating on (SG:5E2) stock is a Buy with a S$2.31 price target. To see the full list of analyst forecasts on Seatrium Limited stock, see the SG:5E2 Stock Forecast page.
More about Seatrium Limited
Seatrium Limited operates in the maritime industry, focusing on shipbuilding and marine engineering services. The company is involved in providing solutions for the oil and gas sector, with a market focus on offshore and marine projects.
Average Trading Volume: 11,857,848
Technical Sentiment Signal: Buy
Current Market Cap: S$8.25B
Find detailed analytics on 5E2 stock on TipRanks’ Stock Analysis page.