SembCorp Marine brings block

Japan's Ishikawajima Heavy Industries (IHI) halved its stake in Singapore's SembCorp Marine yesterday (June 2) raising S$60.6 million ($36 million) from a 30 million share deal. The JPMorgan-led offering was priced at S$2.02 per share, which equated to a 3.3% discount to the stock's S$2.09 close.