Temasek will absorb 1b shares of Sembmarine after the issue of rights with insufficient subscription ends, Companies & Markets



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Tue, September 08, 2020 – 5:50 am

UPDATED Tuesday, September 08, 2020 – 2:21 pm

Singapore

Sembcorp Marine’s (SMM) share rights issue to recapitalize the company was unsubscribed, with valid acceptances and over-requests received for 9.4 billion rights shares, or 90.2% of the nearly 10.5 billion shares of rights available.

According to…

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