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ysh2006 Supreme	08-Jun-2020 14:48        ysh2006 About Contact  Quote this Post!
x 0   x 0  Alert Admin	SCI each share  will get 4200 SMM shares after this right exercise....FOC so approx. can get $840 windfall.?
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ICXGOLD Master	08-Jun-2020 14:48        ICXGOLD About Contact  Quote this Post!
x 0   x 0  Alert Admin	New confirmed https://www.todayonline.com/world/sembcorp-marine-proposes-15-billion-rights-issue-backed-temasek
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bigbang10 Veteran	08-Jun-2020 14:47        bigbang10 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Bro, for your query on the no. of Bonus shares to be alloted to existin SCI shareholders. Rationale as follows: For 427 shares:  Assumes SCI subscribes only for the SCI Pro Rata SCM Rights Shares and SCI Shares in issue is 1,786,708,391 (excluding treasury shares and assuming 1,133,461 SCI Shares have been issued under SCI&rsquo s RSP and SCI&rsquo s PSP on or prior to the SCI Record Date, fractional entitlements to bedisregarded)   For 491 shares: Assumes SCI subscribes for the Undertaking SCM Rights Shares of S$1.5 billion and SCI Shares in issue is 1,785,574,930 (excluding treasury shares and assuming no SCI Shares have been issued under SCI&rsquo s RSP and SCI&rsquo s PSP on or prior to the SCI Record Date, fractional entitlements to be disregarded) FATABA      ( Date: 08-Jun-2020 14:35) Posted: In short , the father decide to cut off the son ...let it run on its own  1. SM will b way diluted w rights issue . ( loan etc fm SCI will be settle thru the rights issue/  Temasek is helping it out w partial )  2. SCI shareholders will have a bONUS of 427/491 shares of SM with every 100 SCO share ...... why is there a range 427/491 shares instead of a fix number ??  ( this part need clarification ...anyone pls ?? )  3. So after all  the whole exercise ....SM shareholders will b very diluted and honestly price can stay low for a longer time  4. SCI can look forward now w SM cut off ...shareholders also given some bonus w the SM shares given ..... ( v positive as they get rick of the lost making SM n also get some shares/$$ eventually )  Over the wkend let see what the anlyse hv to say ....lol  Key highlights of the proposed Transaction   1. S$2.1 billion renounceable Rights Issue   &bull Sembcorp Marine to undertake a S$2.1 billion renounceable Rights Issue   &bull 5 for 1 at S$0.20 per share  o 31.0% discount to TERP based on 5-day VWAP of S$0.745 o 35.1% discount to TERP based on last close of S$0.85 o 76.5% discount to last close of S$0.85 on 3 June 2020   &bull Sembcorp Industries has irrevocably undertaken to subscribe for its pro rata entitlement of S$1.27 billion and take up an additional S$0.23 billion if necessary &ndash a total commitment of up to S$1.5 billion    &bull Sembcorp Industries will set off its outstanding S$1.5 billion subordinated loan extended to Sembcorp Marine in June 2019 (the &ldquo Subordinated Loan&rdquo ), to subscribe for the Rights Issue the Subordinated Loan will convert into equity on Sembcorp Marine&rsquo s balance sheet   &bull Temasek has agreed to sub-underwrite the remaining S$0.6 billion of the Rights Issue with no sub-underwriting fees                                                                                                     4  Held by Temasek and its wholly-owned subsidiaries 5  73.0% discount to the 5-day VWAP, based on the 5-day period up to and including the last close as of 3 June 2020       4   2. Proposed Distribution of Sembcorp Marine shares to Sembcorp Industries shareholders   &bull After the completion of the Rights Issue, Sembcorp Industries  proposes to undertake a distribution of its stake in the recapitalised Sembcorp Marine to Sembcorp Industries  shareholders on a pro rata basis as dividends   &bull Sembcorp Industries  shareholders will receive between 427 and 491 Sembcorp Marine shares for every 100 Sembcorp Industries shares owned, with no cash outlay, depending on the total number of Sembcorp Marine shares held by Sembcorp Industries  after the Rights Issue   &bull The transaction will result in the demerger of Sembcorp Marine from Sembcorp Industries
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superbDM Member	08-Jun-2020 14:47        superbDM About Contact  Quote this Post!
x 0   x 0  Alert Admin	SMM must pay to get shares. While SCI get SMM shares with no cash outlay. SMM share will be around 0.2 to 0.3 range. Huat!
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ss2017. Supreme	08-Jun-2020 14:45        ss2017. About Contact  Quote this Post!
x 0   x 0  Alert Admin	Can this company makes money in next three years? Revenue vs profit?
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danger Supreme	08-Jun-2020 14:45        danger About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Yes .. the TERP of smm will be around 30c.... So SCI owner will huat with around 4000+ shares for each 1000 shares we own wehuattogether88      ( Date: 08-Jun-2020 14:36) Posted: So SCI shareholders will get some SCM shares without any out lay of cash. And the only thing to worry is that what price will be SCM share after ex-rights, they say something like 0.29-0.308  beng1102      ( Date: 08-Jun-2020 14:27) Posted: Slightly better for SCI as in any case SCM would be unable to pay back the loan.  So might as well capitalize the loan as right issue and give the share to SCI shareholders.  After all over SCM would become free from debt and still get $600m from TH.  So in theory SCI shareholder get the share of SCM which is now in better financial position.  They key what is the price of SCM share after all these are over.
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WooWoooooooo Member	08-Jun-2020 14:45        WooWoooooooo About Contact  Quote this Post!
x 0   x 0  Alert Admin	So the free share comes after EGM meeting, whole transaction completed @ 4th Quarter. But in short term how will this affect us? Cherryredbibi      ( Date: 08-Jun-2020 14:42) Posted: This still have to go through egm. This is really the best outcome so hope not many ah siaos vote against until cannot pass. By the way, still not clear , whether we can subscribe to rights issue anot?
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Dango95 Member	08-Jun-2020 14:45        Dango95 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Small shareholder like me with only 500shares of SCI, is it correct to say that i' ll get 200~ SM? Sorry newbie here not really familiar with all these stuff, would be nice if someone can enlighten
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Cherryredbibi Member	08-Jun-2020 14:42        Cherryredbibi About Contact  Quote this Post!
x 0   x 0  Alert Admin	This still have to go through egm. This is really the best outcome so hope not many ah siaos vote against until cannot pass. By the way, still not clear , whether we can subscribe to rights issue anot?
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nngeeh Veteran	08-Jun-2020 14:42        nngeeh About Contact  Quote this Post!
x 0   x 0  Alert Admin	If i remember correctly, SCI is current trading at less than half of its book value. So, how much is the $2B loan (which will be translated into more SMM shares) and SMM in the book value of SCI? After the exercise, what is the book value of SCI?   FATABA      ( Date: 08-Jun-2020 14:35) Posted: In short , the father decide to cut off the son ...let it run on its own  1. SM will b way diluted w rights issue . ( loan etc fm SCI will be settle thru the rights issue/  Temasek is helping it out w partial )  2. SCI shareholders will have a bONUS of 427/491 shares of SM with every 100 SCO share ...... why is there a range 427/491 shares instead of a fix number ??  ( this part need clarification ...anyone pls ?? )  3. So after all  the whole exercise ....SM shareholders will b very diluted and honestly price can stay low for a longer time  4. SCI can look forward now w SM cut off ...shareholders also given some bonus w the SM shares given ..... ( v positive as they get rick of the lost making SM n also get some shares/$$ eventually )  Over the wkend let see what the anlyse hv to say ....lol  Key highlights of the proposed Transaction   1. S$2.1 billion renounceable Rights Issue   &bull Sembcorp Marine to undertake a S$2.1 billion renounceable Rights Issue   &bull 5 for 1 at S$0.20 per share  o 31.0% discount to TERP based on 5-day VWAP of S$0.745 o 35.1% discount to TERP based on last close of S$0.85 o 76.5% discount to last close of S$0.85 on 3 June 2020   &bull Sembcorp Industries has irrevocably undertaken to subscribe for its pro rata entitlement of S$1.27 billion and take up an additional S$0.23 billion if necessary &ndash a total commitment of up to S$1.5 billion    &bull Sembcorp Industries will set off its outstanding S$1.5 billion subordinated loan extended to Sembcorp Marine in June 2019 (the &ldquo Subordinated Loan&rdquo ), to subscribe for the Rights Issue the Subordinated Loan will convert into equity on Sembcorp Marine&rsquo s balance sheet   &bull Temasek has agreed to sub-underwrite the remaining S$0.6 billion of the Rights Issue with no sub-underwriting fees                                                                                                     4  Held by Temasek and its wholly-owned subsidiaries 5  73.0% discount to the 5-day VWAP, based on the 5-day period up to and including the last close as of 3 June 2020       4   2. Proposed Distribution of Sembcorp Marine shares to Sembcorp Industries shareholders   &bull After the completion of the Rights Issue, Sembcorp Industries  proposes to undertake a distribution of its stake in the recapitalised Sembcorp Marine to Sembcorp Industries  shareholders on a pro rata basis as dividends   &bull Sembcorp Industries  shareholders will receive between 427 and 491 Sembcorp Marine shares for every 100 Sembcorp Industries shares owned, with no cash outlay, depending on the total number of Sembcorp Marine shares held by Sembcorp Industries  after the Rights Issue   &bull The transaction will result in the demerger of Sembcorp Marine from Sembcorp Industries
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beng1102 Elite	08-Jun-2020 14:41        beng1102 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Paid for by the loan as loan will be written-off and net assets of SCI will be reduced and MIGHT (largely factored in currently price)  negatively impact the price of SCI.    wehuattogether88      ( Date: 08-Jun-2020 14:36) Posted: So SCI shareholders will get some SCM shares without any out lay of cash. And the only thing to worry is that what price will be SCM share after ex-rights, they say something like 0.29-0.308  beng1102      ( Date: 08-Jun-2020 14:27) Posted: Slightly better for SCI as in any case SCM would be unable to pay back the loan.  So might as well capitalize the loan as right issue and give the share to SCI shareholders.  After all over SCM would become free from debt and still get $600m from TH.  So in theory SCI shareholder get the share of SCM which is now in better financial position.  They key what is the price of SCM share after all these are over.
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skyearth_22 Member	08-Jun-2020 14:41        skyearth_22 About Contact  Quote this Post!
x 0   x 0  Alert Admin	So layman term if i now own 1000 SCI Shares, i will get 4000SMM Shares for free. 🤔 🤔 🤔
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Justice888 Supreme	08-Jun-2020 14:38        Justice888 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Sad ss2017.      ( Date: 08-Jun-2020 14:36) Posted: As predicted asking for more money!!!
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wehuattogether88 Supreme	08-Jun-2020 14:36        wehuattogether88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	So SCI shareholders will get some SCM shares without any out lay of cash. And the only thing to worry is that what price will be SCM share after ex-rights, they say something like 0.29-0.308  beng1102      ( Date: 08-Jun-2020 14:27) Posted: Slightly better for SCI as in any case SCM would be unable to pay back the loan.  So might as well capitalize the loan as right issue and give the share to SCI shareholders.  After all over SCM would become free from debt and still get $600m from TH.  So in theory SCI shareholder get the share of SCM which is now in better financial position.  They key what is the price of SCM share after all these are over. Waterrat      ( Date: 08-Jun-2020 14:25) Posted: SEMBCORP INDUSTRIES AND SEMBCORP MARINE PROPOSE S$2.1 BILLION RECAPITALISATION OF SEMBCORP MARINE, AND DEMERGER TO FOCUS COMPANIES ON THEIR GROWTH SEGMENTS - S$2.1 billion renounceable Rights Issue by Sembcorp Marine will strengthen its cash position and balance sheet o Sembcorp Marine will undertake a 5-for-1 Rights Issue (5 Rights Shares for every 1 Sembcorp Marine share held) at a Rights Issue Price of S$0.20 per share o Rights Price represents a 31.0% discount to the TERP1 based on 5-day2 VWAP3 of S$0.74 o Sembcorp Industries has undertaken to subscribe for up to S$1.5 billion of Rights Shares by setting off the S$1.5 billion outstanding under its Subordinated Loan extended to Sembcorp Marine. Temasek has agreed to sub-underwrite the remaining S$0.6 billion Proposed demerger of Sembcorp Industries and Sembcorp Marine via a distribution in specie of Sembcorp Industries&rsquo stake in the recapitalised Sembcorp Marine to Sembcorp Industries shareholders as dividends o Sembcorp Industries shareholders to receive between 427 and 491 Sembcorp Marine shares for every 100 Sembcorp Industries shares owned, with no cash outlay required - Singapore, 8 June, 2020 &ndash Sembcorp Industries and Sembcorp Marine are toda
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ss2017. Supreme	08-Jun-2020 14:36        ss2017. About Contact  Quote this Post!
x 0   x 0  Alert Admin	As predicted asking for more money!!!
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FATABA Supreme	08-Jun-2020 14:35        FATABA About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	In short , the father decide to cut off the son ...let it run on its own  1. SM will b way diluted w rights issue . ( loan etc fm SCI will be settle thru the rights issue/  Temasek is helping it out w partial )  2. SCI shareholders will have a bONUS of 427/491 shares of SM with every 100 SCO share ...... why is there a range 427/491 shares instead of a fix number ??  ( this part need clarification ...anyone pls ?? )  3. So after all  the whole exercise ....SM shareholders will b very diluted and honestly price can stay low for a longer time  4. SCI can look forward now w SM cut off ...shareholders also given some bonus w the SM shares given ..... ( v positive as they get rick of the lost making SM n also get some shares/$$ eventually )  Over the wkend let see what the anlyse hv to say ....lol  Key highlights of the proposed Transaction   1. S$2.1 billion renounceable Rights Issue   &bull Sembcorp Marine to undertake a S$2.1 billion renounceable Rights Issue   &bull 5 for 1 at S$0.20 per share  o 31.0% discount to TERP based on 5-day VWAP of S$0.745 o 35.1% discount to TERP based on last close of S$0.85 o 76.5% discount to last close of S$0.85 on 3 June 2020   &bull Sembcorp Industries has irrevocably undertaken to subscribe for its pro rata entitlement of S$1.27 billion and take up an additional S$0.23 billion if necessary &ndash a total commitment of up to S$1.5 billion    &bull Sembcorp Industries will set off its outstanding S$1.5 billion subordinated loan extended to Sembcorp Marine in June 2019 (the &ldquo Subordinated Loan&rdquo ), to subscribe for the Rights Issue the Subordinated Loan will convert into equity on Sembcorp Marine&rsquo s balance sheet   &bull Temasek has agreed to sub-underwrite the remaining S$0.6 billion of the Rights Issue with no sub-underwriting fees                                                                                                     4  Held by Temasek and its wholly-owned subsidiaries 5  73.0% discount to the 5-day VWAP, based on the 5-day period up to and including the last close as of 3 June 2020       4   2. Proposed Distribution of Sembcorp Marine shares to Sembcorp Industries shareholders   &bull After the completion of the Rights Issue, Sembcorp Industries  proposes to undertake a distribution of its stake in the recapitalised Sembcorp Marine to Sembcorp Industries  shareholders on a pro rata basis as dividends   &bull Sembcorp Industries  shareholders will receive between 427 and 491 Sembcorp Marine shares for every 100 Sembcorp Industries shares owned, with no cash outlay, depending on the total number of Sembcorp Marine shares held by Sembcorp Industries  after the Rights Issue   &bull The transaction will result in the demerger of Sembcorp Marine from Sembcorp Industries
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danger Supreme	08-Jun-2020 14:35        danger About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	HUAT 4 TIMES
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wolverine23 Supreme	08-Jun-2020 14:34        wolverine23 About Contact  Quote this Post! Style: Flexible   Mood: Yells: "Medical Bull 2020 !!!!!!!! = Internet Bull 2000 !!!!!!!!"
x 0   x 0  Alert Admin	so for evety 1,000 shares, one gets about 4500shares of Sembmarine? wow danger      ( Date: 08-Jun-2020 14:32) Posted: Proposed demerger of Sembcorp Industries and Sembcorp Marine via a distribution in specie of Sembcorp Industries? stake in the recapitalised Sembcorp Marine to Sembcorp Industries shareholders as dividends o Sembcorp Industries shareholders to receive between 427 and 491 Sembcorp Marine shares for every 100 Sembcorp Industries shares owned, with no cash outlay required
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iluvgambling Master	08-Jun-2020 14:33        iluvgambling About Contact  Quote this Post!
x 0   x 0  Alert Admin	so good ? 10000 shares =$10000 ??? huat ah f16force      ( Date: 08-Jun-2020 14:30) Posted: In a way, each SCI shareholder with 1000 Shares get about $1000 dollar correct me if I am wrong
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Laurenpanna Veteran	08-Jun-2020 14:33        Laurenpanna About Contact  Quote this Post!
x 0   x 0  Alert Admin	i am puzzled Will they resume trading today? and When can we receive Semb marine shares?
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