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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

SMRT shareholders leaving after the scheme meeting at Star Vista on Thursday. 84.83 per cent, or 3,747, of the minority shareholders present and voting in person or by proxy voted in favour of Temasek's offer.


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...

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