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vivacious Supreme	05-Jun-2020 11:56        vivacious About Contact  Quote this Post!
x 0   x 0  Alert Admin	3Million shares?!! you have 4.5M worth of SCI? Tycoon!!! ICXGOLD      ( Date: 05-Jun-2020 11:13) Posted: Really hoping its good news as i am sitting of 3k+ lots. In at 1.50 with price target 1.7. Now things have changed subject to this new development. On 22nd june SCI is also buying back 600 million perp and before halt paid out dividends so unlikely they have burned through all their cash reserves. Finger's crossed
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vivacious Supreme	05-Jun-2020 11:52        vivacious About Contact  Quote this Post!
x 0   x 0  Alert Admin	wah bro u fierce lah. i hv 60lots at 155 LongNobley      ( Date: 05-Jun-2020 11:35) Posted: I have 90k shares bought average $1.55. Wait for news.  Make or break time
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LongNobley Master	05-Jun-2020 11:35        LongNobley About Contact  Quote this Post!
x 0   x 0  Alert Admin	I have 90k shares bought average $1.55. Wait for news.  Make or break time
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LongNobley Master	05-Jun-2020 11:33        LongNobley About Contact  Quote this Post!
x 0   x 0  Alert Admin	It could be short covering bro before any big pending corporate action. Can be good or bad trentlim      ( Date: 05-Jun-2020 11:32) Posted: It should be gd, cause sembmarine some insider bot it up to 17%.. but why sembcorp no corresponding up ? And is anyone gonna arrest the insider for insider trading ? Nope... ! weekaykee      ( Date: 05-Jun-2020 11:03) Posted: 110% confirmed it is a related to buyout of SM. Just be patient and wait for announcement
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trentlim Member	05-Jun-2020 11:32        trentlim About Contact  Quote this Post!
x 0   x 0  Alert Admin	It should be gd, cause sembmarine some insider bot it up to 17%.. but why sembcorp no corresponding up ? And is anyone gonna arrest the insider for insider trading ? Nope... ! weekaykee      ( Date: 05-Jun-2020 11:03) Posted: 110% confirmed it is a related to buyout of SM. Just be patient and wait for announcement. trentlim      ( Date: 05-Jun-2020 10:40) Posted: Even SIA the low IQ managment only needed to halt  1 day to issue rights 2 day halt better be a fantastic reason..
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danger Supreme	05-Jun-2020 11:32        danger About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	zhun boh ???!!! It was estimated that SCI is worth around $2.20 without sembcorp marine   weekaykee      ( Date: 05-Jun-2020 11:03) Posted: 110% confirmed it is a related to buyout of SM. Just be patient and wait for announcement. trentlim      ( Date: 05-Jun-2020 10:40) Posted: Even SIA the low IQ managment only needed to halt  1 day to issue rights 2 day halt better be a fantastic reason..
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Singpost Master	05-Jun-2020 11:31        Singpost About Contact  Quote this Post!
x 0   x 0  Alert Admin	halt for one month??
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raykee Veteran	05-Jun-2020 11:29        raykee About Contact  Quote this Post!
x 0   x 0  Alert Admin	walao..... still got more news coming ar... buay tahan liao....
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bxylqwan Master	05-Jun-2020 11:29        bxylqwan About Contact  Quote this Post!
x 0   x 0  Alert Admin	3k+ lots? You are holding 300,000 shares? hahhaha am holding about 5,000 bought at 1.5 also, bought just before this halt happened ICXGOLD      ( Date: 05-Jun-2020 11:13) Posted: Really hoping its good news as i am sitting of 3k+ lots. In at 1.50 with price target 1.7. Now things have changed subject to this new development. On 22nd june SCI is also buying back 600 million perp and before halt paid out dividends so unlikely they have burned through all their cash reserves. Finger's crossed
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ICXGOLD Master	05-Jun-2020 11:13        ICXGOLD About Contact  Quote this Post!
x 0   x 0  Alert Admin	Really hoping its good news as i am sitting of 3k+ lots. In at 1.50 with price target 1.7. Now things have changed subject to this new development. On 22nd june SCI is also buying back 600 million perp and before halt paid out dividends so unlikely they have burned through all their cash reserves. Finger's crossed
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weekaykee Master	05-Jun-2020 11:03        weekaykee About Contact  Quote this Post!
x 0   x 0  Alert Admin	110% confirmed it is a related to buyout of SM. Just be patient and wait for announcement. trentlim      ( Date: 05-Jun-2020 10:40) Posted: Even SIA the low IQ managment only needed to halt  1 day to issue rights 2 day halt better be a fantastic reason..
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trentlim Member	05-Jun-2020 11:01        trentlim About Contact  Quote this Post!
x 0   x 0  Alert Admin	Cannot be.. SPH (singapore propaganda holdings) removed from STI also no halt skyearth_22      ( Date: 05-Jun-2020 10:45) Posted: If removed from sti then gg liao...
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skyearth_22 Member	05-Jun-2020 10:45        skyearth_22 About Contact  Quote this Post!
x 0   x 0  Alert Admin	If removed from sti then gg liao...
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FATABA Supreme	05-Jun-2020 10:43        FATABA About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Jus offer the following input  1. Halt is not removed means there are certainly more to jus that reduction of shareholding 2, Certainy there is something to INCLUDE a clause on SCI " cease to be) the majority shareholder of the Company"   OR REDUCED SO THE ISSUE IS HOW MUCH IT WLD BE PAID FOR THIS PORTION OF SM  ( SCI shareholders will hv some benefit fm this sale if distributed as speical bonus for the sale of SM ) .........THIS WLD TAKE TIME FOR THOSE HOLDING THE SHARE ( assume a sale or partial sale of SM ) 3. KEp corp is NOT in the picture if not it wld be halted too.....BUT I thk  KEP will benefit too as NOW they are the ONLY large rig builder here w depth  ( assume the buyer can also b oversea companies / korean or CHina etc )  4. SM shareholders n SCI ( share $) wlll very much depend on this value of sale ( ?? )  BUT for SCI ...DEFINATELY another advantage is the removal  of SM lost yr after yr. SCI can now really concentrated on its energy n infrastructure etc. ( n get back those loan to SM )  LOL I am hoping ( or dreaming this wld happen ) ...but ...only time will tell. or the suspend continues.    FATABA      ( Date: 05-Jun-2020 08:40) Posted: Thks, w this at least its clearer.    Waterrat      ( Date: 05-Jun-2020 08:30) Posted:   Company Registration Number: 196300098Z ENTRY INTO FACILITY AGREEMENT BY SUBSIDIARY ESTALEIRO JURONG ARACRUZ LTDA (&ldquo EJA&rdquo ) Singapore, 5 June 2020 &ndash Sembcorp Marine Ltd (the &ldquo Company&rdquo and together with its subsidiaries, the &ldquo Group&rdquo ) wishes to announce that its wholly-owned subsidiary, Estaleiro Jurong Aracruz Ltda (&ldquo EJA&rdquo ), has entered into a Revolving Facility Agreement for up to US$500 million, with Standard Chartered Bank (Singapore) Limited acting as Original Lender, Arranger and Agent (&ldquo Facility Agreement&rdquo ). The Facility Agreement is guaranteed by the Company. Pursuant to Rule 704(31) of the Listing Manual of the Singapore Exchange Securities Trading Limited, the Company also wishes to announce that the Facility Agreement contains the following condition which makes reference to the shareholding interests of Sembcorp Industries Ltd in the shares of the Company. Under the Facility Agreement, a &ldquo Change of Control&rdquo includes an event where Sembcorp Industries Ltd ceases to be (or enters into any arrangement whereby, or announces that, it will cease to be) the majority shareholder of the Company (i.e. where it ceases to own (directly or indirectly) more than 50% of the issued share capital of the Company). If a Change of Control occurs, the Agent shall be promptly informed and parties shall enter into negotiations to review the terms of the Facility Agreement and related documents. If parties fail to reach an agreement in relation to any amendments, waivers and/or consents required to the Facility Agreement and related documents within 30 days, the Lender may require the Agent to cancel the commitment of the Lender and declare the participation of that Lender in all outstanding loans, together with accrued interests, and all other amounts accrued in relation to that Lender&rsquo s participation due and payable within 20 business days. For the avoidance of doubt, the foregoing is a prepayment event under the Facility Agreement, and does not itself constitute a breach or an event of default under the Facility Agreement. As of the date of this announcement, the level of loan and trade facilities (including bank guarantees and letters of credit) of the Group that may be affected by the occurrence of a &ldquo Change of Control&rdquo (assuming such an event leads to a cross default of the relevant banking facilities of the Group) amounts to approximately S$6,025 million (excluding interest, amounts which have not been drawn down, the facility which is the subject matter of this announcement and any termination amount that may be payable or receivable by the Group pursuant to an early termination of any foreign exchange hedging transaction). Sembcorp Marine Ltd 80 Tuas South Boulevard, Singapore 637051 Tel: (65) 6265 1766 www.sembmarine.com
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trentlim Member	05-Jun-2020 10:40        trentlim About Contact  Quote this Post!
x 0   x 0  Alert Admin	Even SIA the low IQ managment only needed to halt  1 day to issue rights 2 day halt better be a fantastic reason..
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Tool18 Senior	05-Jun-2020 10:39        Tool18 About Contact  Quote this Post!
x 0   x 0  Alert Admin	ENTRY INTO FACILITY AGREEMENT BY SUBSIDIARY ESTALEIRO JURONG ARACRUZ LTDA (?EJA?) Singapore, 5 June 2020 ? Sembcorp Marine Ltd (the ?Company? and together with its subsidiaries, the ?Group?) wishes to announce that its wholly-owned subsidiary, Estaleiro Jurong Aracruz Ltda (?EJA?), has entered into a Revolving Facility Agreement for up to US$500 million, with Standard Chartered Bank (Singapore) Limited acting as Original Lender, Arranger and Agent (?Facility Agreement?). The Facility Agreement is guaranteed by the Company. Pursuant to Rule 704(31) of the Listing Manual of the Singapore Exchange Securities Trading Limited, the Company also wishes to announce that the Facility Agreement contains the following condition which makes reference to the shareholding interests of Sembcorp Industries Ltd in the shares of the Company. Under the Facility Agreement, a ?Change of Control? includes an event where Sembcorp Industries Ltd ceases to be (or enters into any arrangement whereby, or announces that, it will cease to be) the majority shareholder of the Company (i.e. where it ceases to own (directly or indirectly) more than 50% of the issued share capital of the Company). If a Change of Control occurs, the Agent shall be promptly informed and parties shall enter into negotiations to review the terms of the Facility Agreement and related documents. If parties fail to reach an agreement in relation to any amendments, waivers and/or consents required to the Facility Agreement and related documents within 30 days, the Lender may require the Agent to cancel the commitment of the Lender and declare the participation of that Lender in all outstanding loans, together with accrued interests, and all other amounts accrued in relation to that Lender?s participation due and payable within 20 business days. For the avoidance of doubt, the foregoing is a prepayment event under the Facility Agreement, and does not itself constitute a breach or an event of default under the Facility Agreement. As of the date of this announcement, the level of loan and trade facilities (including bank guarantees and letters of credit) of the Group that may be affected by the occurrence of a ?Change of Control? (assuming such an event leads to a cross default of the relevant banking facilities of the Group) amounts to approximately S$6,025 million (excluding interest, amounts which have not been drawn down, the facility which is the subject matter of this announcement and any termination amount that may be payable or receivable by the Group pursuant to an early termination of any foreign exchange hedging transaction).
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john7580 Member	05-Jun-2020 10:25        john7580 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Guess it must be a big announcement. Taking so long to prepare the press release? If by end of the day don't release halt, what happens to shortlist and contra players?
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vivacious Supreme	05-Jun-2020 10:19        vivacious About Contact  Quote this Post!
x 0   x 0  Alert Admin	all will be forgiven if they also privatize SCI at $3. lol trentlim      ( Date: 05-Jun-2020 10:16) Posted: --- Post Removed by User ---
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alwayshopeful Senior	05-Jun-2020 09:11        alwayshopeful About Contact  Quote this Post!
x 0   x 0  Alert Admin	Better than privatised by SCI. mrwise      ( Date: 05-Jun-2020 08:54) Posted: Bad news...
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tangoanna Master	05-Jun-2020 09:00        tangoanna About Contact  Quote this Post!
x 0   x 0  Alert Admin	I dont think that is the main reason for halt. There is an interest " change of control" clause in the loan agreement. More announcements to come?
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