lauwl97460
2021-09-22
Price too low
Temasek makes mandatory general offer of $0.08 per share for Sembcorp Marine
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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTemasek makes mandatory general offer of $0.08 per share for Sembcorp Marine\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-22 08:52 GMT+8 <a href=http://www.straitstimes.com/business/companies-markets/temasek-makes-mandatory-general-offer-of-008-per-share-for-sembcorp><strong>The Straits Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SINGAPORE (THE BUSINESS TIMES) - Temasek Holdings has made a mandatory conditional general cash offer to acquire all the issued and paid-up ordinary shares in Sembcorp Marine (Sembmarine), after ...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/temasek-makes-mandatory-general-offer-of-008-per-share-for-sembcorp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"U96.SI":"胜科工业"},"source_url":"http://www.straitstimes.com/business/companies-markets/temasek-makes-mandatory-general-offer-of-008-per-share-for-sembcorp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2169630917","content_text":"SINGAPORE (THE BUSINESS TIMES) - Temasek Holdings has made a mandatory conditional general cash offer to acquire all the issued and paid-up ordinary shares in Sembcorp Marine (Sembmarine), after Temasek's stake in the latter was raised to 46.6 per cent from 42.2 per cent due to its rights issue.\nThe offer is in line with Rule 14.1 of the Take-over Code, where any entity controlling 30 to 50 per cent of a company must make a mandatory general offer if it raises its interest by more than 1 per cent within a period of six months.\nThrough its indirect wholly-owned subsidiary, Startree Investments, the offer is made at a price of S$0.08 per share in cash, which is in line with the rights issue price, Sembmarine said in a bourse filing on Wednesday.\nIt said Startree intends to keep Sembmarine listed on the Singapore Exchange following the completion of the offer.\nBut it also noted that \"Startree reserves the right to re-evaluate its position, taking into account, among other things, the level of acceptances received by Startree in respect of the mandatory general offer and the prevailing market conditions at the relevant time\".\nStartree was issued 9.3 million rights shares as a result of its undertaking in the rights issue, which raised its aggregate shareholding in Sembmarine by 4 per cent.\nSembmarine expects it will electronically disseminate the offer document between Oct 6 and Oct 13, and the offer will close 28 days after posting of the offer document.\nMorgan Stanley Asia (Singapore) has been appointed as sole financial adviser to the offeror in connection with the mandatory general offer.\nShares of Sembmarine closed up 0.3 Singapore cent or 3.7 per cent at 8.8 cents on Tuesday.","news_type":1},"isVote":1,"tweetType":1,"viewCount":127,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":11,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/869663424"}
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