In SembMarine’s circular released on Jan 31, the company announced that independent financial advisers, Provenance Capital, called the terms of the proposed merger “fair and reasonable”, adding that SembMarine’s shareholders should vote in favour of the merger.
Analysts are remaining positive on Sembcorp Marine’s (SembMarine) (SGX:S51
) prospects after the company announced that its extraordinary general meeting (EGM) will be held on Feb 16 at 11am.
The EGM will see SembMarine’s shareholders voting for or against the proposed merger with Keppel O&M as well as the proposed allotment and issuance of consideration shares from Keppel O&M.
