Sembcorp Marine moves ahead with expanded shareholder base after rights issue

The company received total subscriptions for 22.17 billion shares compared with the rights offering of 18.83 billion shares.
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.

Please or to continue reading the full article.

Get unlimited access to all stories at $0.99/month
  • Latest headlines and exclusive stories
  • In-depth analyses and award-winning multimedia content
  • Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months*

*Terms and conditions apply.