SMRT posts transcript of media briefing on Temasek's buyout offer

(From left) Ms Juliet Teo, Mr Chia Song Hwee, Mr Koh Yong Guan, Mr Desmond Kuek and Mr Manured Seah at the SMRT press conference on July 20. ST PHOTO: CHEW SENG KIM

SINGAPORE - Want to know exactly what was said at a briefing on Wednesday (July 20) on Temasek Holding's buyout offer for rail and bus operator SMRT?

Now you can because SMRT on Thursday morning (July 21) posted the transcript of the briefing on the Singapore Exchange website in order that all its shareholders "have the same access to the material shared with the media and analysts", it said.

State investment company Temasek announced its S$1.18 billion offer to buy out the 46 per cent of SMRT that it does not already own at S$1.68 a share on Wednesday evening (Jul 20).

If it succeeds, SMRT will become a wholly-owned subsidiary of Temasek and will be delisted from the Singapore Exchange - thus privatised in that sense.

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