Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
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.
Trending Articles:
- “The No. 1 Destination for the Most Talented Artists”: Netflix Stock (NASDAQ:NFLX) Notches Up as the Duffer Brothers Consider Jumping Ship
- “Breakthrough EVs”: Ford Stock (NYSE:F) Notches Up on New Battery Details
- “An Equity Stake”: Intel Stock (NASDAQ:INTC) Surges as U.S. Government May Buy In With CHIPS Act Money