- Keppel Corporation (SGX:BN4) and Sembcorp Marine (SGX:S51) are revising terms of the KOM-SMM merger in hopes of expediting the completion by Dec 22F or Jan 23F. Sembcorp Marine (SMM) will directly acquire 100% of Keppel Offshore & Marine (KOM) and retain its listing status on SGX, instead of forming a combined entity (Bayberry). See
- - Read this at SGinvestors.io -
- Sembcorp Marine's announcement dated 27 Oct 2022: SCM Announces Revised Transaction Structure and Improved Terms for Direct Acquisition of KOM.
- Read more at SGinvestors.io.
Above is the excerpt from research report by CGS-CIMB.
Clients of CGS-CIMB may access the full report in PDF @ https://www.itradecimb.com.sg/.
LIM Siew Khee CGS-CIMB Research | Izabella TAN CGS-CIMB Research | https://www.cgs-cimb.com 2022-10-28
Read also CGS-CIMB's most recent report:
2024-02-01 Keppel - Infrastructure Powering Recurring Income.
Previous report by CGS-CIMB:
2023-11-29 Keppel Corporation - Making Headway Into Europe.
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