Venture shares closed up 25 Singapore cents or 1.62 per cent to S$15.67 on Tuesday before the announcement. Sembcorp Industries: The group's wholly owned subsidiary, Sembcorp (China) Holding Co, has signed a conditional agreement to divest its 80 per cent stake in Sembcorp Lianyungang Water Co (SLWC) to its local partner for 120 million yuan (S$23.7 million). SLWC runs an industrial wastewater treatment facility in the Lianyungang Lingang Chemical Industrial Park in China. Sembcorp said the divestment is in line with Sembcorp's capital-recycling efforts and is expected to be completed by year end. Sembcorp shares ended at S$2.49 on Tuesday before the announcement, up eight Singapore cents or 3.32 per cent.