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    Yard merger is off, say Singaporeans

    News // November 30, 2001
    SembCorp and Keppel Corp in Singapore have issued a joint statement in which they have revealed that they have called off their planned merger.

    The statement read: "Keppel Corporation and SembCorp Industries wish to announce that discussions between the two groups have ceased, as... mutually acceptable terms could not be reached."

    The statement went on: "There are no plans to restart negotiations".

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