Shareholders okay Temasek buyout, sale of rail assets
Meeting representing about 4,000 SMRT shareholders also discusses "political" nature of Singapore's public transport system
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
SHAREHOLDERS of SMRT Corporation on Thursday strongly endorsed Temasek Holdings' S$1.2 billion plan to take the transport operator private and the sale of its rail assets to the government under the new rail financing framework (NRFF).
They were adopted by the 4,000 or so shareholders who gathered in person or by proxy over a three-hour meeting that not only talked about the economic sense of the proposals, but also scrutinised the "political" environment that Singapore's public transport system is mired in.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
OCBC is said to emerge as lead bidder for HSBC Indonesia assets
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
