Temasek’s MGO for SembMarine was triggered after an earlier rights issue raising $1.5 billion, where not all entitled shareholders took part – leaving Temasek to take up the remaining available rights shares.
With the close of the MGO, SembMarine will remain listed on SGX.
SembMarine closed Nov 3 at 7.9 cents, unchanged for the day and down by around 40% year to date.
see also: Temasek's offer for SembMarine turns unconditional
See also: CEO of Sin Heng Heavy Machinery moves to take his company private for 58 cents per share
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Photo: Bloomberg
