Sembcorp Marine moves ahead with expanded shareholder base after rights issue
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The company received total subscriptions for 22.17 billion shares compared with the rights offering of 18.83 billion shares.
PHOTO: SEMBCORP MARINE
SINGAPORE - Many will be surprised by the 1.18 times oversubscription received by Sembcorp Marine (Sembmarine) for its $1.5 billion rights issue.
In all, the company received total subscriptions for 22.17 billion shares compared with the rights offering of 18.83 billion shares.