Temasek's enhanced stake may fortify minority shareholders' faith in Sembmarine
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Ben Paul
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IT IS hard not to feel pity for shareholders of Sembcorp Marine (Sembmarine).
Just before its recapitalisation plan was announced in early June, shares in the beleaguered offshore and marine (O&M) company traded at S$0.85.
In fact, the stock had climbed some 25 per cent in the preceding three trading days, possibly in anticipation of a deal involving an offer for the whole company.
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