| Latest Forum Topics / Seatrium Last:0.091 -- |
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Sembmarine_Green is the new gold_a better future
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MANFREDTMK
Master |
31-Mar-2022 21:08
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Keppel Corp and SembMarine to work towards 'definitive agreement' by April 30
Felicia Tan Felicia Tan 3/31/2022 ? 6:26 PM GMT+08 ? 2 min read Keppel Corp and SembMarine to work towards 'definitive agreement' by April 30 Photo: SembMarine Font Resizer. BUT THIS IS ALREADY IN THE PDF FILE THAT I SENT YESTERDAY. HOPE MARKET NEVER READ THIS POINT AND HENCE THE NEWS IS NOT ALREADY DISCOUNTED AND A RUN-UP WILL FOLLOW 🏃 🏃 🏃 |
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naoshingo
Elite |
31-Mar-2022 20:49
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😷
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bystander1965
Supreme |
31-Mar-2022 20:02
Yells: "What I say is just my assessment. DYODD" |
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I would think so. Otherwise what's the point of today's announcement? That statement is most likely a CMA.🤪
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naoshingo
Elite |
31-Mar-2022 19:48
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I stand corrected. Seems like a buyer is found for AssetCo.
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naoshingo
Elite |
31-Mar-2022 19:46
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Lol...I heard it be repurpose into a rocket launch pad. This shows the potential flaw of that rig design....which cannot stand the test of time... To us layman...rig is rig....seems like KC has design issue...I donno...
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bystander1965
Supreme |
31-Mar-2022 19:43
Yells: "What I say is just my assessment. DYODD" |
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Pray hard they get rid of them. It is an intercondition for the merger.
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PHInsider63
Veteran |
31-Mar-2022 19:41
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Friend, give credit where due.
Go check better s posting yesterday. What he said happened. Nobody wants the sorry assets and SM has the upper hand now. May have a sudden surge soon.
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bystander1965
Supreme |
31-Mar-2022 19:41
Yells: "What I say is just my assessment. DYODD" |
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If they cannot get rid of them merger with SCM will go down the drain... Maybe repurpose into DC centres?🤪
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vicloo
Supreme |
31-Mar-2022 19:40
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I think so... Fixing all loose screws now before 30th Apr.
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naoshingo
Elite |
31-Mar-2022 19:38
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i think previous update in 2021 was that TH will help KC to sell the legacy rigs... Look like nobody wants and can' t find a buyer.... Can it be repurposed? 
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Chagataii
Veteran |
31-Mar-2022 19:20
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The anyhow Hantam and his Better Loonie Toonies will put a merger price tag at $5 | ||||
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bystander1965
Supreme |
31-Mar-2022 18:57
Yells: "What I say is just my assessment. DYODD" |
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Keppel also wishes to update that significant progress has been made on advancing the sale of Keppel O& M?s legacy rigs and associated receivables to a separate company (?Asset Co?) that would be majority owned by external investors This one is the one I was talking about yesterday. SCM will not want it. That' s why it was restructure into another company. It' s likely the cause of KOM being asset negative.
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PHInsider63
Veteran |
31-Mar-2022 18:51
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Before 30/4, we will have another catalyst and bellwether ie Q1 business update.
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PHInsider63
Veteran |
31-Mar-2022 18:49
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Seems KC eager to dump KOM unwanted assets and SM not willing to take the junks in. Hence continue the process of having an (external party) to do the housekeeping.
To me it is an impasse and need time extension till 30/4. SM seems to have upper hand to force an extra time else deal would have closed according to planned. Seem to be same structure though: NewCO to be formed. KOM and SM converted to Newco shares. KC hold shares and distribute to shh. SM shh gets shares conversion, determined by a pre destined ratio which is the crux of the entire exercise. |
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PHInsider63
Veteran |
31-Mar-2022 18:43
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Key takeaway:
Keppel also wishes to update that significant progress has been made on advancing the sale of Keppel O&M?s legacy rigs and associated receivables to a separate company (?Asset Co?) that would be majority owned by external investors. As previously announced, this Asset Co transaction and the Proposed Combination will be inter-conditional and are being pursued concurrently. Caveat: Each of Keppel and Sembcorp Marine will provide further updates in due course. In the meantime, the companies would like to emphasise that while discussions in relation to the Proposed Combination and the Asset Co transaction are ongoing, there is no guarantee that definitive agreements will be executed. Furthermore, any definitive agreements that the companies may agree upon will also be subject to conditions including relevant regulatory and shareholder approvals |
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Coyote66
Member |
31-Mar-2022 18:42
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Merger confirmed to materialise by 30 Apr 2022. keppel and Sembmarine have issued a joint press statement.
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vicloo
Supreme |
31-Mar-2022 18:40
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"Both parties are committed to continue with exclusive negotiations and work towards a definitive agreement by 30 April 2022."
https://www.kepcorp.com/en/media/media-releases-sgx-filings/update-on-talks-on-potential-combination-of-keppel-om--sembcorp-marine/ |
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PHInsider63
Veteran |
31-Mar-2022 18:30
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hail Better!
Q1 business review update should be out in April. This may be an important catalyst I ready my bullets Tmr.
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Chagataii
Veteran |
31-Mar-2022 18:14
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anyhow Hantam any figure in the hundreds of millions Ownself make Ownself shiok to feel Better
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better
Elite |
31-Mar-2022 17:34
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Next up is likely the mega delivery of the Energean FPSO for the Karish field.  $300-400mil cash collection. Should be happenning in the next week or so.... | ||||
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