The company, on Aug 23, received approval from the majority of its shareholders to raise $1.5 billion through a renounceable underwritten rights issue with an issue price of 8 cents per rights share.
Startree Investments, a Temasek subsidiary, announced a mandatory conditional general cash offer to acquire the remaining shares in SembMarine it does not own, at 8 cents per share on Sept 22.
See also: Temasek announces general offer for Sembcorp Marine at 8 cents per share in cash
Shares in SembMarine closed flat at 8.1 cents on Sept 24.
See also: Seatrium wins FSRU conversion contract from Kinetics
Photo: Bloomberg
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