Under the proposed deal, which requires approval from its shareholders, Sembcorp Marine will issue up to 36,8 billion Keppel O&M consideration shares.
Keppel’s shareholders have already given their nod for the deal on Dec 8, with an overwhelming vote of 99.96%.
Sembcorp Marine closed on Jan 27 at 14 cents, up 2.9% for the day and up 77.5% over the past 12 months.
Keppel Corp shares closed on Jan 27 at $7.55, up 0.4% for the day and up 33.64% over the past year.
