WebJun 10, 2024 · The rights issue will involve the issuance of five shares for each existing share held, at an issue price of S$0.20 per rights share. Gross proceeds of S$2.1 billion are expected to be raised from this exercise. As part of the issue, S$1.5 billion is made up of a loan from SCI to SMM that will be converted to equity in the books of SMM. WebJun 9, 2024 · Sembcorp Marine (SCM) is seeking to raise S$2.1 billion by issuing 5 rights shares for every 1 share owned, at a conversion price of S$0.20 per share. Sembcorp Industries (SCI) is a major shareholder of SCM with a 61% ownership and hence they would get most of the rights shares.
Sembmarine shareholders vote in favour of S$1.5b rights issue
WebSep 22, 2024 · SINGAPORE ( THE BUSINESS TIMES) - Temasek has made a mandatory conditional general cash offer to acquire all the issued and paid-up ordinary shares in Sembcorp Marine (Sembmarine), after... WebIn summary, the Rights Issue will have the following merits: strengthens the Group’s financial position and replenishes temporary working capital depletion amidst continuing... reinforces lenders’ and customers’ confidence in their continued partnerships with the … Sembcorp Marine Rights Issue. 2024 Rights Issue; 2024 Rights Issue; Financial … fishery grand rapids
Sembcorp Marine 2024 Rights Issue
WebAug 24, 2024 · Sembmarine on June 24 announced a 3-for-2 rights issue of new shares priced at S$0.08 each to raise S$1.5 billion. The rights price was a 35.7 per cent discount … WebSep 7, 2024 · Follow us on Facebook and join our channel for the latest updates. Sembcorp Marine (SembMarine) has failed to win full support on its 5-for-1 rights issue. Priced at 20 cents a share, SembMarine, on September 7, announced that it has received a total of 90.2% or 9.43 billion of valid acceptances and excess applications for its rights shares ... WebSep 21, 2024 · Excess applications of around 6.3 billion rights shares took the total subscription level to 22.17 billion, or 117% of the offer. Last Friday, Startree investments, a unit of Temasek Holdings, announced that it will take up 49.3% of the total rights, boosting its stake in the beleaguered oil and gas firm from 42.6% to 46.6%. can anyone get sleep paralysis