Sembmarine shares heavily traded amid speculation linked to Keppel deal

Sembcorp Marine now ranks as the third most traded non-Straits Times Index one this year, after SPH and Suntec Reit.
Sembcorp Marine now ranks as the third most traded non-Straits Times Index one this year, after SPH and Suntec Reit.PHOTO: SEMBCORP INDUSTRIES LTD

SINGAPORE - Shares of Sembcorp Marine have been heavily traded since June 25, after the company announced a $1.5 billion rights issue and proposed combination of its business with Keppel Corp's offshore and marine arm on June 24.

Since it resumed trading on June 25 after a one-day halt, Sembmarine has averaged $43 million in daily turnover, versus the $15 million figure in the 12 months through to June 23, according to the Singapore Exchange (SGX).

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