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Sembmarine independent shareholders have deciding say in 'critical' SCI deal

Fiona Lam

Fiona Lam

Published Wed, Jul 22, 2020 · 09:50 PM

Singapore

SEMBCORP Marine (SMM) has emphasised that its independent shareholders will decide whether a proposed rights issue involving parent Sembcorp Industries (SCI) proceeds.

This is because the independent shareholders will be the only ones voting on a whitewash resolution that is inter-conditional with the rights issue resolution. If the whitewash resolution is not approved, the rights issue will not proceed.

sembcorp industriessembcorp marinerights issue

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