Seatrium’s involvement in a bribery scandal is back in the news, but that’s not its biggest problem

THE market may not react well in coming weeks to further news about the two former executives of Seatrium who have been charged with corruption offences related to a decade-old bribery scandal in Brazil.

Yet, the bigger risk for shareholders of the offshore engineering company might be their expectations of the company’s growth prospects; and the imminent 20-to-1 consolidation of its shares.

On Thursday (Mar 28),…