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Sembmarine's recapitalisation plan: Is more restructuring really afoot?

Regulators should demand all parties involved address persistent talk of a merger with Keppel's offshore and marine arm

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On June 8, plans were unveiled to recapitalise Sembcorp Marine through a massive S$2.1 billion rights issue, and then separate it from its parent Sembcorp Industries.

IF I had a dollar for every time someone said that Sembcorp Marine (SCM) would be taken private, or that it will eventually be merged with the offshore and marine arm of Keppel Corp, I might have enough money to mount a takeover of the company myself.

The idea of combining Singapore's two...

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