TEMASEK Holdings will take up 49.3 per cent of Sembcorp Marine (Sembmarine)'s rights issue, which means it will need to make a compliance offer for all shares of Sembmarine that it does not already own.

TEMASEK Holdings will take up 49.3 per cent of Sembcorp Marine (Sembmarine)'s rights issue, which means it will need to make a compliance offer for all shares of Sembmarine that it does not already own.

SEMBCORP Marine (Sembmarine)'s board and top executives probably heaved a sigh of relief after shareholders of the beleaguered offshore and marine (O&M) company voted on Aug 23 to approve its controversial rights issue.

UOB Kay Hian (UOBKH) has upgraded Sembcorp Marine (Sembmarine) to "buy" as it believes the group's S$1.5 billion rights issue should enable it to better weather market conditions over the next 12-18 months, and hopefully garner new order flow.

UOB Kay Hian analyst Adrian Loh has upgraded Sembcorp Marine (SembMarine) to “buy” as he deems that much of the negatives have already been priced in. That said, Loh has lowered his target price to 11 cents from 12.4 cents as he has pegged it to a target multiple of 0.74 times FY2022. The target...

UOB KAY HIAN (UOBKH) has upgraded Sembcorp Marine (Sembmarine) to "buy" as it believes the group's S$1.5 billion rights issue should enable it to better weather market conditions over the next 12-18 months, and hopefully garner new order flow.

SHAREHOLDERS of Sembcorp Marine (Sembmarine) on Monday voted in favour of the company's controversial S$1.5 billion rights issue.

THE following companies saw new developments that may affect trading of their securities on Tuesday:

The shareholders of Sembcorp Marine (SembMarine) have approved the group’s proposed renounceable underwritten rights issue on Aug 23 after the group’s extraordinary general meeting (EGM) held earlier on the same day. See: SembMarine seeks to raise $1.5 bil through rights issue; enters into MOU w...

BY Friday, Aug 20, shareholders of Sembcorp Marine (Sembmarine) have to lodge their proxy forms for voting on the company's recently proposed rights issue to raise S$1.5 billion.