SINGAPORE May 13 Sembcorp Industries (SCIL.SI)
said on Thursday a lawsuit to prevent its takeover bid for
U.S.-listed water firm Cascal HOO.N will be heard on May 19.
Casal has withdrawn its request for a temporary restraining
order on Sembcorp while the Singapore company has agreed not to
launch its takeover bid before May 21.
"The company continues to be of the position that it is not
in breach of any laws, regulations or contractual obligations
in respect of the transaction and it remains committed to
completing the transaction," said Sembcorp, a conglomerate
whose businesses include offshore oil rigs and infrastructure.
Sembcorp has agreed to buy a 58.4 percent stake in Cascal
from the firm's majority shareholder and plans to follow up
with a takeover bid for the entire firm.
(Reporting by Kevin Lim; Editing by Nopporn Wong-Anan)