Commentary

It's crunch time for SembMarine shareholders

Their votes on $2.1b recapitalisation will determine if firm gets the funding it needs

The clock is running down on the plan to recapitalise troubled offshore and marine (O&M) giant Sembcorp Marine.

It's crunch time for shareholders leading up to the critical virtual extraordinary general meeting (EGM) next Tuesday. They should all have received circulars asking them to submit votes and questions - via hard copy or electronically - on whether to go ahead with the recapitalisation of the company.

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A version of this article appeared in the print edition of The Straits Times on August 05, 2020, with the headline 'It's crunch time for SembMarine shareholders'. Print Edition | Subscribe