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SembCorp Marine- The new Frontier. Post Reply Rate topic
wehuattogether88 Supreme	24-Jun-2021 18:56        wehuattogether88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Rights issue will dilute the share price unless very strong reasons like the case in SIA strongly supported by the government.
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Starship Supreme	24-Jun-2021 18:53        Starship About Contact  Quote this Post!
x 0   x 0  Alert Admin	Keppel Corporation will also receive shares in the combined entity and a cash consideration of up to $500 million. The group says it intends to distribute all the shares in the combined entity to its shareholders by way of distribution in specie. Starship      ( Date: 24-Jun-2021 18:48) Posted: SembMarine seeks to raise $1.5 bil through rights issue as it enters into MOU with Keppel O& M on potential merger Thu, Jun 24, 2021 / 6:06 PM GMT+8 Sembcorp Marine (SembMarine) has announced that intends to take a renounceable underwritten rights issue to raise gross proceeds of some $1.5 billion with an issue price of 8 cents per rights share. The company will issue up to 18.83 billion new shares in its capital on the basis of three new shares for two existing shares held. The rights issue is expected to be completed in the third quarter of 2021. The issue price represents a discount of 58.1% to SembMarine&rsquo s last transacted price of 19.1 cents on June 23. SembMarine&rsquo s announcement of its rights issue came minutes after it jointly announced the signing of a non-binding memorandum of understanding (MOU) with Keppel Corporation. The MOU will see both companies enter into exclusive negotiations to combine Keppel&rsquo s offshore and marine (O& M) arm, Keppel O& M with SembMarine. Under the MOU, Keppel Corporation and the combined entity will enter into a strategic partnership where Keppel will hold 50% of the 50-50 joint venture (JV) established between both parties. The arrangement means Keppel Corporation will still be able to continue accessing Keppel O& M&rsquo s capabilities required for its projects. If successfully completed, the merger is expected to be a listed entity and accretive to Keppel Corporation&rsquo s earnings for the current financial year on a pro forma basis. Keppel Corporation will also receive shares in the combined entity and a cash consideration of up to $500 million. The group says it intends to distribute all the shares in the combined entity to its shareholders by way of distribution in specie. According to the joint statement released by Keppel Corporation and SembMarine, both companies are also pivoting to the renewables sector. By putting together their resources, the combined entity would be able to accelerate the companies&rsquo pivot towards O& M renewables opportunities. The combined entity would also be able to compete for larger contracts among other benefits. On the same day, Keppel Corp has signed a non-binding MOU with Temasek Holdings subsidiary, Kyanite Investment Holdings, to sell Keppel O& M&rsquo s legacy completed and uncompleted rigs, as well as associated receivables to a separate asset company which would be majority-owned by external investors. Keppel Corp will hold a 20% stake or less in the new asset company, while external investors will hold the balance of at least 80%. Keppel O& M&rsquo s interests in Floatel International and Dyna-Mac Holdings, as well as its legacy rigs will be excluded from the combination. Its interests in Floatel International and Dyna-Mac Holdings will remain with Keppel Corporation. Keppel Corp will receive the consideration for the legacy rigs and associated receivables in the form of credit notes. The new asset company will be independently managed from the merged entity. https://www.theedgesingapore.com/news/offshore-marine/sembmarine-seeks-raise-15-bil-through-rights-issue-it-enters-mou-keppel-om
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rookie$$ Member	24-Jun-2021 18:51        rookie$$ About Contact  Quote this Post!
x 0   x 0  Alert Admin	Actually... no one knows what SMM is buying right? Based on the current discussions, feel like everyone thinks its a rights issue with nothing purchased? SembMarineLong      ( Date: 24-Jun-2021 18:40) Posted: They wouldnt. They are bowing down to Keppel' s will now. rookie$$      ( Date: 24-Jun-2021 18:39) Posted: That is if SH all run, if SH hold and vote against this deal... but then again..
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ahhuat08 Elite	24-Jun-2021 18:50        ahhuat08 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Say u hv 2000 shares of scm, and u need to fork out 3000 shares at 8 cts which is 240 bucks for the rights and u hv altogether 5000 shares of scm after the rights issue, RedAnt      ( Date: 24-Jun-2021 18:45) Posted: I blur on the subject right. Does it mean right price of $0.08 mean the price to exerise is $0.08? Thanks in advance.
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Starship Supreme	24-Jun-2021 18:48        Starship About Contact  Quote this Post!
x 0   x 0  Alert Admin	SembMarine seeks to raise $1.5 bil through rights issue as it enters into MOU with Keppel O& M on potential merger Thu, Jun 24, 2021 / 6:06 PM GMT+8 Sembcorp Marine (SembMarine) has announced that intends to take a renounceable underwritten rights issue to raise gross proceeds of some $1.5 billion with an issue price of 8 cents per rights share. The company will issue up to 18.83 billion new shares in its capital on the basis of three new shares for two existing shares held. The rights issue is expected to be completed in the third quarter of 2021. The issue price represents a discount of 58.1% to SembMarine&rsquo s last transacted price of 19.1 cents on June 23. SembMarine&rsquo s announcement of its rights issue came minutes after it jointly announced the signing of a non-binding memorandum of understanding (MOU) with Keppel Corporation. The MOU will see both companies enter into exclusive negotiations to combine Keppel&rsquo s offshore and marine (O& M) arm, Keppel O& M with SembMarine. Under the MOU, Keppel Corporation and the combined entity will enter into a strategic partnership where Keppel will hold 50% of the 50-50 joint venture (JV) established between both parties. The arrangement means Keppel Corporation will still be able to continue accessing Keppel O& M&rsquo s capabilities required for its projects. If successfully completed, the merger is expected to be a listed entity and accretive to Keppel Corporation&rsquo s earnings for the current financial year on a pro forma basis. Keppel Corporation will also receive shares in the combined entity and a cash consideration of up to $500 million. The group says it intends to distribute all the shares in the combined entity to its shareholders by way of distribution in specie. According to the joint statement released by Keppel Corporation and SembMarine, both companies are also pivoting to the renewables sector. By putting together their resources, the combined entity would be able to accelerate the companies&rsquo pivot towards O& M renewables opportunities. The combined entity would also be able to compete for larger contracts among other benefits. On the same day, Keppel Corp has signed a non-binding MOU with Temasek Holdings subsidiary, Kyanite Investment Holdings, to sell Keppel O& M&rsquo s legacy completed and uncompleted rigs, as well as associated receivables to a separate asset company which would be majority-owned by external investors. Keppel Corp will hold a 20% stake or less in the new asset company, while external investors will hold the balance of at least 80%. Keppel O& M&rsquo s interests in Floatel International and Dyna-Mac Holdings, as well as its legacy rigs will be excluded from the combination. Its interests in Floatel International and Dyna-Mac Holdings will remain with Keppel Corporation. Keppel Corp will receive the consideration for the legacy rigs and associated receivables in the form of credit notes. The new asset company will be independently managed from the merged entity. https://www.theedgesingapore.com/news/offshore-marine/sembmarine-seeks-raise-15-bil-through-rights-issue-it-enters-mou-keppel-om
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tbooncho888 Senior	24-Jun-2021 18:47        tbooncho888 About Contact  Quote this Post!
x 0   x 0  Alert Admin	below 0.124 is bargain discount price ex-right Checkerman      ( Date: 24-Jun-2021 18:39) Posted: Confirm open at 10 cent or so ahhuat08      ( Date: 24-Jun-2021 18:30) Posted: Tomorrow open straightway gap down to 124, jialat those bot last few months
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Hawker80 Senior	24-Jun-2021 18:47        Hawker80 About Contact  Quote this Post!
x 0   x 0  Alert Admin	there is already a good example you can use ... Last year trading halt smm is trading at 85 cents...   5 shares x 0.2 = 1 .0 1 share x 0.85 = 0.85 6 shares = 1.85 each share = 0.31 What is SMM price now?? and so does your 0.124, will it happen??    littlemonkey      ( Date: 24-Jun-2021 17:52) Posted: am i count correctly means the price will be 0.124?  3x0.08 = 0.24 2x0.191 = 0.382  5 shares = 0.622 each shares = 0.124 ?
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alwayshopeful Senior	24-Jun-2021 18:47        alwayshopeful About Contact  Quote this Post!
x 0   x 0  Alert Admin	Those that got free SM shares from SCI actually still in the money. Those original SM shareholders probably gave up long ago. Anyone bought recently?
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RedAnt Member	24-Jun-2021 18:45        RedAnt About Contact  Quote this Post! Style: Combined
x 0   x 0  Alert Admin	I blur on the subject right. Does it mean right price of $0.08 mean the price to exerise is $0.08? Thanks in advance.
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SembMarineLong Veteran	24-Jun-2021 18:45        SembMarineLong About Contact  Quote this Post!
x 0   x 0  Alert Admin	I believe many longist here are disappointed. August/September is my last leg. If the agreement between Keppel and Sembcorp Marine is trash, Im letting go all and join the short.  ckmpd1      ( Date: 24-Jun-2021 18:40) Posted: Disappointing news.  But I am not going to throw good money after bad shares.  I dont intend to subscribe to the rights issue but just hold on the the in specie SMM shares Checkerman      ( Date: 24-Jun-2021 18:38) Posted: Expected with right issue . Need to cough out
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tbooncho888 Senior	24-Jun-2021 18:44        tbooncho888 About Contact  Quote this Post!
x 0   x 0  Alert Admin	If got money to buy rights n the diluted price stays above 0.124, then proba still ok....else got to suck thumb, seat out n see the price dilution saga till Aug EGM...From now to Aug EGM, still can hv many other inputs or news spur... bystander1965      ( Date: 24-Jun-2021 18:36) Posted: That's unlikely. The institutions are caught off guard also I think, or whatever BB that are long. They will step in to fight so that they can get out also. Eventually it will probably drift towards 0.1. ahhuat08      ( Date: 24-Jun-2021 18:30) Posted: Tomorrow open straightway gap down to 124, jialat those bot last few months
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AttasBoss Elite	24-Jun-2021 18:44        AttasBoss About Contact  Quote this Post!
x 0   x 0  Alert Admin	Only dead ppl won't leak news Checkerman      ( Date: 24-Jun-2021 18:41) Posted: Only they knew it mkaung2000      ( Date: 24-Jun-2021 18:01) Posted: Looks like the plan was leaked? That' s explain sudden sold down from 200/205?
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happyharvest Elite	24-Jun-2021 18:43        happyharvest About Contact  Quote this Post!
x 0   x 0  Alert Admin	KEPPEL CORPORATION AND SEMBCORP MARINE COMMENCE TALKS ON POTENTIAL COMBINATION OF KEPPEL O& M AND SEMBCORP MARINE, TO CREATE STRONGER PLAYER AND ACCELERATE PIVOT TO THE ENERGY TRANSITION good or bad news?
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Checkerman Master	24-Jun-2021 18:41        Checkerman About Contact  Quote this Post!
x 0   x 0  Alert Admin	Only they knew it mkaung2000      ( Date: 24-Jun-2021 18:01) Posted: Looks like the plan was leaked? That' s explain sudden sold down from 200/205?
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SembMarineLong Veteran	24-Jun-2021 18:40        SembMarineLong About Contact  Quote this Post!
x 0   x 0  Alert Admin	They wouldnt. They are bowing down to Keppel' s will now. rookie$$      ( Date: 24-Jun-2021 18:39) Posted: That is if SH all run, if SH hold and vote against this deal... but then again... SembMarineLong      ( Date: 24-Jun-2021 18:38) Posted: Only Keppel benefited from this. Free shares and $500 million.
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ckmpd1 Supreme	24-Jun-2021 18:40        ckmpd1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Disappointing news.  But I am not going to throw good money after bad shares.  I dont intend to subscribe to the rights issue but just hold on the the in specie SMM shares Checkerman      ( Date: 24-Jun-2021 18:38) Posted: Expected with right issue . Need to cough out $ Checkerman      ( Date: 24-Jun-2021 16:13) Posted: probably smm investors need to top up cash
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Checkerman Master	24-Jun-2021 18:39        Checkerman About Contact  Quote this Post!
x 0   x 1  Alert Admin	Confirm open at 10 cent or so ahhuat08      ( Date: 24-Jun-2021 18:30) Posted: Tomorrow open straightway gap down to 124, jialat those bot last few months. tbooncho888      ( Date: 24-Jun-2021 18:13) Posted: floor is 0.124 tmr, any lower is bargain....any higher is premium
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rookie$$ Member	24-Jun-2021 18:39        rookie$$ About Contact  Quote this Post!
x 0   x 0  Alert Admin	That is if SH all run, if SH hold and vote against this deal... but then again... SembMarineLong      ( Date: 24-Jun-2021 18:38) Posted: Only Keppel benefited from this. Free shares and $500 million.
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Checkerman Master	24-Jun-2021 18:38        Checkerman About Contact  Quote this Post!
x 0   x 0  Alert Admin	Expected with right issue . Need to cough out $ Checkerman      ( Date: 24-Jun-2021 16:13) Posted: probably smm investors need to top up cash  ICXGOLD      ( Date: 24-Jun-2021 16:12) Posted: Not expecting a update today. They can officially keep it suspended for 3 days. So a Thursday halt is meant to give them time to talk  all the way till Monday close,  to make the announcement, so most likely will be a sleepless weekend ahead. The only worry is that SMM have no cash on the table, so no idea, how they can even structure a merger. But lets hope for the best.
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SembMarineLong Veteran	24-Jun-2021 18:38        SembMarineLong About Contact  Quote this Post!
x 0   x 0  Alert Admin	Only Keppel benefited from this. Free shares and $500 million.
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