SMRT restructuring will continue whatever the outcome of Temasek's offer

Singapore

WHATEVER the outcome of state-investor Temasek Holdings' offer to take mainboard-listed SMRT Corporation private, the transport operator will still carry out restructuring plans that it has already laid out, its chief Desmond Kuek said on Thursday.

But a clear upside from privatisation would be that it gives SMRT more room to push ahead with plans, he said, adding that he had "no details" on how exactly Temasek will help.