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Sembcorp, Sembmarine end lower after investors vote for demerger

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Uma Devi

Uma Devi

Published Tue, Aug 11, 2020 · 09:50 PM

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    Singapore

    SHARES of Sembcorp Industries (SCI) and Sembcorp Marine (SMM) saw heavy trading on Tuesday after shareholders voted overwhelmingly in favour of their two-part recapitalisation and demerger proposal.

    Both companies had halted trading for the first half of the day while the extraordinary general meetings (EGMs) took place for voting.

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