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High Court approves Temasek's scheme to buy out SMRT

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Published Mon, Oct 17, 2016 · 09:50 PM

    Singapore

    SINGAPORE'S High Court has approved state investor Temasek Holdings' scheme to buy out transport operator SMRT Corporation, bringing the delisting of a 16-year old float one step closer to reality.

    The last day of trading of blue chip SMRT's shares will be on Oct 18, and the scheme goes into effect on Oct 25. Payout of the S$1.68 per share is expected to place by Nov 1.

    SMRTTemasek

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