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Sembmarine shares hit 3-month high in intra-day trading following completion of Temasek offer
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Temasek had to make the mandatory general offer after it accumulated 46.6 per cent of Sembmarine following the company's $1.5 billion rights issue in September.
PHOTO: SEMBCORP MARINE
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SINGAPORE - Sembcorp Marine shares rose to three-month highs in intra-day trading, just days after Singapore's Temasek completed its mandatory general offer (MGO) for the company.
The stock opened at 8.2 cents on Tuesday, then rose to hit a high at 9 cents in early trading before settling to close during the post-market "matching" period unchanged at 8.2 cents. About 735 million units changed hands.
