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Raphael Lim

Raphael Lim

Published Thu, Feb 16, 2023 · 05:50 AM
    • Sembmarine shareholders will not be able to raise questions about the deal in person or vote at a physical extraordinary general meeting, as the meeting is being held virtually.
    • Sembmarine shareholders will not be able to raise questions about the deal in person or vote at a physical extraordinary general meeting, as the meeting is being held virtually. PHOTO: SEMBCORP MARINE

    SHAREHOLDERS of mainboard-listed Sembcorp Marine will vote on Thursday (Feb 16) over the company’s proposed combination with Keppel Offshore & Marine (KOM).

    The S$4.5 billion deal – which was announced nearly a year ago – is a major decision for shareholders on the company’s future. Proponents say the acquisition of KOM could create an enlarged and more competitive offshore & marine group.

    But opponents say Sembmarine is overpaying.

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    AGM/EGMsembcorp marineKeppelHock Lock Siew

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