Guess who Sembcorp appointed to manage its latest share offer

It's about $1b Oman project.

According to a report by Reuters, HSBC Holdings has been appointed to manage a public share offer of a joint venture firm that owns and operates a $1 billion water and power project in Oman, two banking sources said on Tuesday.

Singapore's Sembcorp Utilities, a unit of Sembcorp Industries, has a 60 percent stake in the Sembcorp Salalah Power and Water Company. Oman Investment Corp owns 35 percent and Instrata Capital 5 percent in the joint venture.

Read full report here.

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