SUBSCRIBERS
Sembmarine independent shareholders have deciding say in 'critical' SCI deal
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.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Emerging-market optimism dashed by Fed as currencies, bonds sink
LHN warns H1 2024 net profit could decline by 28.6%
iPhone maker Hon Hai’s April sales rise 19% in positive signal
Worsening weather is igniting a US$25 billion market
TikTok tells advertisers: ‘We are not backing down’
EV automakers get reprieve in US tax credit rules