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SembCorp Marine- The new Frontier. Post Reply Rate topic
TigerPlay Master	19-Oct-2021 09:48        TigerPlay About Contact  Quote this Post!
x 0   x 0  Alert Admin	arh yes, is back to frozen mona liza earlier than expected,8cts again, iyoh...no fun leh
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ckmpd1 Supreme	19-Oct-2021 09:38        ckmpd1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	as predicted...back to 8c/8.1c
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ckmpd1 Supreme	19-Oct-2021 09:37        ckmpd1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	1 SMM share today doesnt command the same value as 1 SMM share in Oct 2020
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ckmpd1 Supreme	19-Oct-2021 09:31        ckmpd1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	8.3c yesterday was a window of opportunity for people to exit.  I wont be surprised if it goes down to 8c today TigerPlay      ( Date: 19-Oct-2021 09:20) Posted: why like tat, yesterday like tickle tickle to 8.3cts then no action, no more tickle.iyoh like tat tickle no tsumnami no shiok leh, today and then many days probably stay 8.1cts or possible go back frosen mona liza again at 8cts..iyoh, why why tell me why leh
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ckmpd1 Supreme	19-Oct-2021 09:30        ckmpd1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	chart_expert123      ( Date: 19-Oct-2021 09:26) Posted: already told you why. This 31 Bil shares will be wiped out and replaced by 50% of new shares from new entity if Merge Deal is firmed. Financial institutes and Bankers who are main Big Players in the market will not commit and play this 31 shares at the moments. 8 cents ==> 2.4-2.5Bil. Bear in mind. 50% of share entitlement of new JV which JV will be 5Bil Market Cap. TigerPlay      ( Date: 19-Oct-2021 09:20) Posted: why like tat, yesterday like tickle tickle to 8.3cts then no action, no more tickle.iyoh like tat tickle no tsumnami no shiok leh, today and then many days probably stay 8.1cts or possible go back frosen mona liza again at 8cts..iyoh, why why tell me why leh
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ckmpd1 Supreme	19-Oct-2021 09:28        ckmpd1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	The writing is clear...fundamentals cant be ignored.  It will be 8c to 8.4c until end of MGO. What is SMM worth now?  $2.5B or $25B If $2.5B, its shares will be 8c.  TigerPlay      ( Date: 19-Oct-2021 09:20) Posted: why like tat, yesterday like tickle tickle to 8.3cts then no action, no more tickle.iyoh like tat tickle no tsumnami no shiok leh, today and then many days probably stay 8.1cts or possible go back frosen mona liza again at 8cts..iyoh, why why tell me why leh
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chart_expert123 Master	19-Oct-2021 09:26        chart_expert123 About Contact  Quote this Post!   Yells: "Only buy stock with revenue or net cash flow growth!!!!"
x 0   x 0  Alert Admin	already told you why. This 31 Bil shares will be wiped out and replaced by 50% of new shares from new entity if Merge Deal is firmed. Financial institutes and Bankers who are main Big Players in the market will not commit and play this 31 shares at the moments. 8 cents ==> 2.4-2.5Bil. Bear in mind. 50% of share entitlement of new JV which JV will be 5Bil Market Cap. TigerPlay      ( Date: 19-Oct-2021 09:20) Posted: why like tat, yesterday like tickle tickle to 8.3cts then no action, no more tickle.iyoh like tat tickle no tsumnami no shiok leh, today and then many days probably stay 8.1cts or possible go back frosen mona liza again at 8cts..iyoh, why why tell me why leh
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ckmpd1 Supreme	19-Oct-2021 09:25        ckmpd1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	As usual, you are very wise and speaks well, backed with facts. Some investors dont realise that SMM has increased it shares from 2.1B  kast year to 31B now. 31B shares at 8c each means SMM is worth $2.5B $2.5B with 2.1B shares means each share is worth 80c. So SMM has severely diluted the worth of its shares. A company which has to dilute its shares from 2.1B to 31B in 18 months is a desperate company  chart_expert123      ( Date: 19-Oct-2021 09:18) Posted: 1st of all, SMM who just raised rights for cash cannot afford to buy kep corp or Kep O& M. 2nd, only look at price 8.1cents to value it is worth to buy is misleading. As per market cap, 2.5bil, Sembmar is not cheap at all Kep corp valued their Kep O& M, at least 500mio more valuable than Sembmar, mean keppel O& M is valued as 3Bil Market Cap minimum. Keppel owned Numerous subsidiary include M1, Keppel land, keppel reits, keppel Infrastruture, keppel Bay, keppel T& T, K1 Venture, Kris Energy and many many many, only Valued 10Bil. Kep Corp 10Bil, Sembmar 2.5Bil. which one is undervalued. very obvious.  Don' t judge based on listed price. Sembmar is not CHEAP AT ALL. Chagatai      ( Date: 19-Oct-2021 08:57) Posted: To understand SMM buy Kep Corp and also stay invested in SMM for natural momentum upside. I arbitrage both ways Kep and Semb especially those who are first timers buying SMM they are blessed with this price at 8.1
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TigerPlay Master	19-Oct-2021 09:20        TigerPlay About Contact  Quote this Post!
x 0   x 0  Alert Admin	why like tat, yesterday like tickle tickle to 8.3cts then no action, no more tickle.iyoh like tat tickle no tsumnami no shiok leh, today and then many days probably stay 8.1cts or possible go back frosen mona liza again at 8cts..iyoh, why why tell me why leh
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chart_expert123 Master	19-Oct-2021 09:18        chart_expert123 About Contact  Quote this Post!   Yells: "Only buy stock with revenue or net cash flow growth!!!!"
x 0   x 0  Alert Admin	1st of all, SMM who just raised rights for cash cannot afford to buy kep corp or Kep O& M. 2nd, only look at price 8.1cents to value it is worth to buy is misleading. As per market cap, 2.5bil, Sembmar is not cheap at all Kep corp valued their Kep O& M, at least 500mio more valuable than Sembmar, mean keppel O& M is valued as 3Bil Market Cap minimum. Keppel owned Numerous subsidiary include M1, Keppel land, keppel reits, keppel Infrastruture, keppel Bay, keppel T& T, K1 Venture, Kris Energy and many many many, only Valued 10Bil. Kep Corp 10Bil, Sembmar 2.5Bil. which one is undervalued. very obvious.  Don' t judge based on listed price. Sembmar is not CHEAP AT ALL. Chagatai      ( Date: 19-Oct-2021 08:57) Posted: To understand SMM buy Kep Corp and also stay invested in SMM for natural momentum upside. I arbitrage both ways Kep and Semb especially those who are first timers buying SMM they are blessed with this price at 8.1
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Chagatai Veteran	19-Oct-2021 08:57        Chagatai About Contact  Quote this Post!
x 0   x 0  Alert Admin	To understand SMM buy Kep Corp and also stay invested in SMM for natural momentum upside. I arbitrage both ways Kep and Semb especially those who are first timers buying SMM they are blessed with this price at 8.1
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vicloo Supreme	19-Oct-2021 06:50        vicloo About Contact  Quote this Post!
x 0   x 0  Alert Admin	TH which with near 50% scm will vote and decide the merger... As simple as that 😁 chart_expert123      ( Date: 19-Oct-2021 06:38) Posted: 😂 😂 😂 , already mentioned so clearly 50-50% JV and keppel Corp will receive extra 500mio or equivalent economic effect(mean keppel o&m is superior than sembmar lah). Die die want to twist the fact as what you like to 15-20% for keppel Corp. Eventually, the merge deals must go through vote by respective shareholders. Keppel corp which never go through right issues, temasek hold 20% and 80% shareholders are long term holders who are the biggest hurdle to block this merge deal. So they will be the party to be pleased, so the cash which is equivalent economic effect will only be equal or more than 500mio, the longer the merge deal drag, the higher oil price is, the better position for keppel Corp in the merge deal. Temasek who hold 50% on sembmar and reluctant to pump in any more money is the most willing party to see the deal go through, 43% are 8-20cents holders, 8cents right can also be accepted, the acceptance merge deal is almost 100% to vote yes. The 3bil completed rigs will only be stronger negotiation conditions when oil price is 80 above and gas price is 4-5times higher. The shortage, especially gas will be worsen In winter season, gas will shoot to sky, oil will reach 100 over with the inflation. 2007 already 140, don't be surprise it will be 200. You already made a choice by covered your eyes and use your brain to dream what you think instead of accepting the fact. It doesn't mean you can mislead others by twisting the fact which already announced by management in MOU since July 2021. The merge deal rumours started from 2019 to 2020 early. It had been in discussion almost 2 years, it will come within short period after MGO is close. You all are unhappy with 8cents. But it is what temasek valued sembmar as 0.08x31.5bil or 2.4bil market cap. Keppel o&m worth minimum 2.4bil + 500mio or 2.9bil or more if oil price shoot past 100. Keppel corp is the truth love. Stop dreaming and do your right choice. better      ( Date: 19-Oct-2021 00:16) Posted: For chart_expert123 convenience, below in red is the extract from Keppel' s MOU published in July: Concurrent with the MOU on the potential combination, Keppel has also signed a non-binding MOU with Kyanite Investment Holdings Pte Ltd, a wholly owned subsidiary of Temasek, for Keppel O& M' s legacy rigs and associated receivables to be sold to a separate Asset Co that would be majority owned by external investors. The two proposed transactions will be inter-conditional and pursued concurrently. Further details on Asset Co will be provided in a separate SGXNET announcement issued by Keppel. Keppel and Sembcorp Marine will undertake mutual due diligence and discuss the terms of the potential combination, which is expected to take several months. If the potential combination is completed, it is envisaged that the Combined Entity will be a listed entity, and Sembcorp Marine' s shareholders will hold shares in the Combined Entity, while Keppel will receive shares in the Combined Entity and a cash consideration of up to S$500 million (or a cash component with the economic equivalent effect). Under the MOU between Keppel and Sembcorp Marine, it is envisaged that Keppel and the Combined Entity will enter into a strategic partnership, pursuant to which Keppel will hold 50% of a 50-50 joint venture that will be established between Keppel and the Combined Entity (Strategic Partnership JV). This would allow Keppel to continue accessing Keppel O& M capabilities required for its projects, on terms to be agreed. The scope of the Strategic Partnership JV will be subject to final agreement between the parties concerned. In addition, subject to regulatory review, the Combined Entity will be the preferred EPC partner for Keppel& rsquo s projects where the Combined Entity has the relevant expertise. My comments in green: Keppel has about S$3billion worth of completed or almost completed rigs sitting idle in its yard. Much of its capital tighted up in the legacy rigs and associated receivables. So part of the merger term is for Temasek to work out an arrangement to take the legacy rigs off its book via an Asset Co. Keppel is asking for up to S$500 million cash. Up to $500mil can mean $0 at the end. On Sembmarine' s part, they have strongly denied the existence of any cash consideration. In the above Keppel' s statement, it just said that KC will receive some shares of the CE. My prediction is that Keppel would receive about 15% to 20% of total shares of CE. After SCM absorbs or merges with Keppel OM to create the combined entity (CE), Keppel corp and the CE will create a 50 50 joint venture company to take on any offshore projects initiated by KC.  This is to prevent KC from undetaking any offshore project on its own after they have sold off all their yards and IPs to the CE. For example, if Keppel corp wants to build an offshore data centre, they have to give the CE first consideration for the biz. Any final merger proposal tabled will be subjected to SCM shareholders' approval (ex Temasek as they are an interested party owning 20% of KC). And it is not likely to happen until SCM share price is above 20c for obvious reason.
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chart_expert123 Master	19-Oct-2021 06:38        chart_expert123 About Contact  Quote this Post!   Yells: "Only buy stock with revenue or net cash flow growth!!!!"
x 0   x 0  Alert Admin	😂 😂 😂 , already mentioned so clearly 50-50% JV and keppel Corp will receive extra 500mio or equivalent economic effect(mean keppel o&m is superior than sembmar lah). Die die want to twist the fact as what you like to 15-20% for keppel Corp. Eventually, the merge deals must go through vote by respective shareholders. Keppel corp which never go through right issues, temasek hold 20% and 80% shareholders are long term holders who are the biggest hurdle to block this merge deal. So they will be the party to be pleased, so the cash which is equivalent economic effect will only be equal or more than 500mio, the longer the merge deal drag, the higher oil price is, the better position for keppel Corp in the merge deal. Temasek who hold 50% on sembmar and reluctant to pump in any more money is the most willing party to see the deal go through, 43% are 8-20cents holders, 8cents right can also be accepted, the acceptance merge deal is almost 100% to vote yes. The 3bil completed rigs will only be stronger negotiation conditions when oil price is 80 above and gas price is 4-5times higher. The shortage, especially gas will be worsen In winter season, gas will shoot to sky, oil will reach 100 over with the inflation. 2007 already 140, don't be surprise it will be 200. You already made a choice by covered your eyes and use your brain to dream what you think instead of accepting the fact. It doesn't mean you can mislead others by twisting the fact which already announced by management in MOU since July 2021. The merge deal rumours started from 2019 to 2020 early. It had been in discussion almost 2 years, it will come within short period after MGO is close. You all are unhappy with 8cents. But it is what temasek valued sembmar as 0.08x31.5bil or 2.4bil market cap. Keppel o&m worth minimum 2.4bil + 500mio or 2.9bil or more if oil price shoot past 100. Keppel corp is the truth love. Stop dreaming and do your right choice. better      ( Date: 19-Oct-2021 00:16) Posted: For chart_expert123 convenience, below in red is the extract from Keppel' s MOU published in July: Concurrent with the MOU on the potential combination, Keppel has also signed a non-binding MOU with Kyanite Investment Holdings Pte Ltd, a wholly owned subsidiary of Temasek, for Keppel O& M' s legacy rigs and associated receivables to be sold to a separate Asset Co that would be majority owned by external investors. The two proposed transactions will be inter-conditional and pursued concurrently. Further details on Asset Co will be provided in a separate SGXNET announcement issued by Keppel. Keppel and Sembcorp Marine will undertake mutual due diligence and discuss the terms of the potential combination, which is expected to take several months. If the potential combination is completed, it is envisaged that the Combined Entity will be a listed entity, and Sembcorp Marine' s shareholders will hold shares in the Combined Entity, while Keppel will receive shares in the Combined Entity and a cash consideration of up to S$500 million (or a cash component with the economic equivalent effect). Under the MOU between Keppel and Sembcorp Marine, it is envisaged that Keppel and the Combined Entity will enter into a strategic partnership, pursuant to which Keppel will hold 50% of a 50-50 joint venture that will be established between Keppel and the Combined Entity (Strategic Partnership JV). This would allow Keppel to continue accessing Keppel O& M capabilities required for its projects, on terms to be agreed. The scope of the Strategic Partnership JV will be subject to final agreement between the parties concerned. In addition, subject to regulatory review, the Combined Entity will be the preferred EPC partner for Keppel& rsquo s projects where the Combined Entity has the relevant expertise. My comments in green: Keppel has about S$3billion worth of completed or almost completed rigs sitting idle in its yard. Much of its capital tighted up in the legacy rigs and associated receivables. So part of the merger term is for Temasek to work out an arrangement to take the legacy rigs off its book via an Asset Co. Keppel is asking for up to S$500 million cash. Up to $500mil can mean $0 at the end. On Sembmarine' s part, they have strongly denied the existence of any cash consideration. In the above Keppel' s statement, it just said that KC will receive some shares of the CE. My prediction is that Keppel would receive about 15% to 20% of total shares of CE. After SCM absorbs or merges with Keppel OM to create the combined entity (CE), Keppel corp and the CE will create a 50 50 joint venture company to take on any offshore projects initiated by KC.  This is to prevent KC from undetaking any offshore project on its own after they have sold off all their yards and IPs to the CE. For example, if Keppel corp wants to build an offshore data centre, they have to give the CE first consideration for the biz. Any final merger proposal tabled will be subjected to SCM shareholders' approval (ex Temasek as they are an interested party owning 20% of KC). And it is not likely to happen until SCM share price is above 20c for obvious reason.
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better Elite	19-Oct-2021 00:16        better About Contact  Quote this Post!
x 1   x 0  Alert Admin	For chart_expert123 convenience, below in red is the extract from Keppel' s MOU published in July: Concurrent with the MOU on the potential combination, Keppel has also signed a non-binding MOU with Kyanite Investment Holdings Pte Ltd, a wholly owned subsidiary of Temasek, for Keppel O& M' s legacy rigs and associated receivables to be sold to a separate Asset Co that would be majority owned by external investors. The two proposed transactions will be inter-conditional and pursued concurrently. Further details on Asset Co will be provided in a separate SGXNET announcement issued by Keppel. Keppel and Sembcorp Marine will undertake mutual due diligence and discuss the terms of the potential combination, which is expected to take several months. If the potential combination is completed, it is envisaged that the Combined Entity will be a listed entity, and Sembcorp Marine' s shareholders will hold shares in the Combined Entity, while Keppel will receive shares in the Combined Entity and a cash consideration of up to S$500 million (or a cash component with the economic equivalent effect). Under the MOU between Keppel and Sembcorp Marine, it is envisaged that Keppel and the Combined Entity will enter into a strategic partnership, pursuant to which Keppel will hold 50% of a 50-50 joint venture that will be established between Keppel and the Combined Entity (Strategic Partnership JV). This would allow Keppel to continue accessing Keppel O& M capabilities required for its projects, on terms to be agreed. The scope of the Strategic Partnership JV will be subject to final agreement between the parties concerned. In addition, subject to regulatory review, the Combined Entity will be the preferred EPC partner for Keppel& rsquo s projects where the Combined Entity has the relevant expertise. My comments in green: Keppel has about S$3billion worth of completed or almost completed rigs sitting idle in its yard. Much of its capital tighted up in the legacy rigs and associated receivables. So part of the merger term is for Temasek to work out an arrangement to take the legacy rigs off its book via an Asset Co. Keppel is asking for up to S$500 million cash. Up to $500mil can mean $0 at the end. On Sembmarine' s part, they have strongly denied the existence of any cash consideration. In the above Keppel' s statement, it just said that KC will receive some shares of the CE. My prediction is that Keppel would receive about 15% to 20% of total shares of CE. After SCM absorbs or merges with Keppel OM to create the combined entity (CE), Keppel corp and the CE will create a 50 50 joint venture company to take on any offshore projects initiated by KC.  This is to prevent KC from undetaking any offshore project on its own after they have sold off all their yards and IPs to the CE. For example, if Keppel corp wants to build an offshore data centre, they have to give the CE first consideration for the biz. Any final merger proposal tabled will be subjected to SCM shareholders' approval (ex Temasek as they are an interested party owning 20% of KC). And it is not likely to happen until SCM share price is above 20c for obvious reason.
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better Elite	19-Oct-2021 00:01        better About Contact  Quote this Post!
x 0   x 0  Alert Admin	Go read Keppel' s announcement again, the MOU did not state the terms of the merger at all. On earth, only chart_expert123 knows the merger terms. What the MOU states in July was that after SCM absorbs or merges with Keppel OM to create the combined entity(CE), Keppel corp and the CE will create a 50 50 joint venture company to take on any offshore projects initiated by KC. For example, if Keppel corp wants to build an offshore data centre, they have to give the CE first consideration for the biz. chart_expert123      ( Date: 18-Oct-2021 23:03) Posted: I said de meh, the preliminary proposal already announced since July. I just repeated only. It is a 50-50% JV. You are free to dream, I am free to post fact announced to public by keppel Corp. better      ( Date: 18-Oct-2021 22:47) Posted: Nobody knows the exact financial term of the merger yet, not even the mgt of KC and SCM.....only chart_expert123 knows exactly what is going to transpire so we should all listen to him. I rest my case.
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Oxtail Member	18-Oct-2021 23:46        Oxtail About Contact  Quote this Post!
x 0   x 0  Alert Admin	Forget about minority SH. They are insignificant. If as what you have said that TH that luv keppel, 1) They are going to spend billions buying keppel rigs(without knowing who will use it) Somemore, they still must pay periodic maintenance for it. Then, not enough... Recently, they raise their stakes in SCM so to give keppel more 2) 50% of their scm shares to keppel not enough 3) 50% of 500million cash to keppel(assuming there is 3rd right issue) TH LOVE KEPPEL DEEP DEEP!!! KEPPEL WILL ROCKET TO THE MOON... LETS ALL BET ALL TH LOVE ON KEPPEL. Wheeee..... chart_expert123      ( Date: 18-Oct-2021 23:07) Posted: Sembmar where got money to buy. Keppel corp shareholders won't agree to buy trash. 50-50% plus giving 500mio as extra token to keppel Corp shareholders is the only solution. Don't be naive to think this deal which disclosed by keppel Corp in July is just a preliminary proposal. The rumours of merging already started from 2020 before sembmar issued their 1st right. About there already. desmodeus      ( Date: 18-Oct-2021 23:00) Posted: permit me to join in the fun. at least 2 ways this so-called merger with kom can come about. one, straight buy over. scm buy over keppel marine business which was clearly announced. meaning scm remain listed. second, true blue merger. everything on the table, each side get a weighted share of the newco which in my opinion is not going to happen. post-action, scm price is gonna go up whether you like it or not. TH counters cannot be less than 20c. throw face
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chart_expert123 Master	18-Oct-2021 23:07        chart_expert123 About Contact  Quote this Post!   Yells: "Only buy stock with revenue or net cash flow growth!!!!"
x 0   x 0  Alert Admin	Sembmar where got money to buy. Keppel corp shareholders won't agree to buy trash. 50-50% plus giving 500mio as extra token to keppel Corp shareholders is the only solution. Don't be naive to think this deal which disclosed by keppel Corp in July is just a preliminary proposal. The rumours of merging already started from 2020 before sembmar issued their 1st right. About there already. desmodeus      ( Date: 18-Oct-2021 23:00) Posted: permit me to join in the fun. at least 2 ways this so-called merger with kom can come about. one, straight buy over. scm buy over keppel marine business which was clearly announced. meaning scm remain listed. second, true blue merger. everything on the table, each side get a weighted share of the newco which in my opinion is not going to happen. post-action, scm price is gonna go up whether you like it or not. TH counters cannot be less than 20c. throw face
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chart_expert123 Master	18-Oct-2021 23:03        chart_expert123 About Contact  Quote this Post!   Yells: "Only buy stock with revenue or net cash flow growth!!!!"
x 0   x 0  Alert Admin	I said de meh, the preliminary proposal already announced since July. I just repeated only. It is a 50-50% JV. You are free to dream, I am free to post fact announced to public by keppel Corp. better      ( Date: 18-Oct-2021 22:47) Posted: Nobody knows the exact financial term of the merger yet, not even the mgt of KC and SCM.....only chart_expert123 knows exactly what is going to transpire so we should all listen to him. I rest my case.  chart_expert123      ( Date: 18-Oct-2021 22:39) Posted: 🤣 🤣 🤣 so much nonsense. I already simplified the deal. You complicated for what. Repeat again. New entity will be formed. Keppel corp shareholders receive 50% shares of new entity plus 500mio cash. If keppel Corp generous enough, it will be one time special dividend. Sembmar shareholders receive 50% shares of new entity. The new entity will take Sembmar as a shell, wipe out existing shares and list in sgx. Listed price and total shares will be based on 30 STI components to decide the allocation. So won't be less than 1 dollars, estimate market cap around 6bil. Buy keppel Corp. Don't buy sembmar shares which will be wiped out soon for new entity
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desmodeus Veteran	18-Oct-2021 23:00        desmodeus About Contact  Quote this Post!
x 0   x 0  Alert Admin	permit me to join in the fun. at least 2 ways this so-called merger with kom can come about. one, straight buy over. scm buy over keppel marine business which was clearly announced. meaning scm remain listed. second, true blue merger. everything on the table, each side get a weighted share of the newco which in my opinion is not going to happen. post-action, scm price is gonna go up whether you like it or not. TH counters cannot be less than 20c. throw face
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better Elite	18-Oct-2021 22:47        better About Contact  Quote this Post!
x 0   x 0  Alert Admin	Nobody knows the exact financial term of the merger yet, not even the mgt of KC and SCM.....only chart_expert123 knows exactly what is going to transpire so we should all listen to him. I rest my case.  chart_expert123      ( Date: 18-Oct-2021 22:39) Posted: 🤣 🤣 🤣 so much nonsense. I already simplified the deal. You complicated for what. Repeat again. New entity will be formed. Keppel corp shareholders receive 50% shares of new entity plus 500mio cash. If keppel Corp generous enough, it will be one time special dividend. Sembmar shareholders receive 50% shares of new entity. The new entity will take Sembmar as a shell, wipe out existing shares and list in sgx. Listed price and total shares will be based on 30 STI components to decide the allocation. So won't be less than 1 dollars, estimate market cap around 6bil. Buy keppel Corp. Don't buy sembmar shares which will be wiped out soon for new entity. better      ( Date: 18-Oct-2021 22:13) Posted: So, once and for all (before chartexpert123 starts babbling nonsense again), below is from Keppel OM' s announcement: There are 3 components of the proposed merger: Concurrent with the MOU on the potential combination, Keppel has also signed a non-binding MOU with Kyanite Investment Holdings Pte Ltd, a wholly owned subsidiary of Temasek, for Keppel O& M& rsquo s legacy rigs and associated receivables to be sold to a separate Asset Co that would be majority owned by external investors. The two proposed transactions will be inter-conditional and pursued concurrently. Further details on Asset Co will be provided in a separate SGXNET announcement issued by Keppel. Keppel has about S$3billion worth of completed or almost completed rigs sitting idle in its yard. Much capital tight up that Keppel can hardly breathe. So part of the merger term is for Temasek to work out an arrangement to take the rigs off their book via an Asset Co. Keppel and Sembcorp Marine will undertake mutual due diligence and discuss the terms of the potential combination, which is expected to take several months. If the potential combination is completed, it is envisaged that the Combined Entity will be a listed entity, and Sembcorp Marine& rsquo s shareholders will hold shares in the Combined Entity, while Keppel will receive shares in the Combined Entity and a cash consideration of up to S$500 million (or a cash component with the economic equivalent effect). Keppel is asking for up to S$500 million cash. Up to $500mil can mean $0 at the end. On Sembmarine' s part, they have strongly denied the existence of a S$500mil. cash consideration. In the above Keppel' s statement, it just said that KC will receive shares. In Chartexpert123' s mind, it is 50%. In my mind, it is 10% to 15% of total SCM shares. Under the MOU between Keppel and Sembcorp Marine, it is envisaged that Keppel and the Combined Entity will enter into a strategic partnership, pursuant to which Keppel will hold 50% of a 50-50 joint venture that will be established between Keppel and the Combined Entity (& ldquo  Strategic Partnership JV& rdquo ). This would allow Keppel to continue accessing Keppel O& M& rsquo s capabilities required for its projects, on terms to be agreed. The scope of the Strategic Partnership JV will be subject to final agreement between the parties concerned. In addition, subject to regulatory review, the Combined Entity will be the preferred EPC partner for Keppel& rsquo s projects where the Combined Entity has the relevant expertise. After SCM absorbed keppel OM,    SCM and KC will both chip in money to form a joint venture company. This is to prevent KC from undetaking any further offshore project on its own after they have sold off all their yards and IPs to SCM. Any final merger proposal tabled will be subjected to SCM shareholders' approval (ex Temasek as they are an interested party owning 20% of KC). And it is not likely to happen until SCM share price is above 20c for obvious reason.
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