SMRT restructuring will continue whatever the outcome of Temasek's offer
But CEO says privatisation will give SMRT more room to push ahead
Singapore
WHATEVER the outcome of state-investor Temasek Holdings' offer to take mainboard-listed SMRT Corporation private, the transport operator will still carry out restructuring plans that it has already laid out, its chief Desmond Kuek said on Thursday.
But a clear upside from privatisation would be that it gives SMRT more room to push ahead with plans, he said, adding that he had "no details" on how exactly Temasek will help.
In a media interview on Thursday, Mr Kuek elaborated on what SMRT's future plans are, as shareholders are expected to vote soon on Temasek's plan to take SMRT private.
On Sept 29, shareholders will vote at an extraordinary general meeting on whether they agree to Belford Investments, Temasek's wholly-owned subsidiary, acquiring the outstanding SMRT shares that Temas…
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