askST: What Sembcorp Marine's $2.1b recapitalisation plan means for minority shareholders

Sembcorp will subscribe for up to $1.5 billion of rights shares. PHOTO: SEMBCORP INDUSTRIES LTD
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SINGAPORE - Sembcorp Marine (SembMarine) and its parent company Sembcorp Industries (Sembcorp) announced on Monday (June 8) a $2.1 billion recapitalisation plan to save the offshore and marine company.

This will involve a rights issue and subsequent share distribution, with the end result being a demerger of the two companies.

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