Following the merger with Keppel O&M, Seatrium (SGX:S51
) has around 68.2 billion shares in total. The bigger portion of shares Keppel Corp (SGX:BN4) received for its stake in Keppel O&M has been distributed in specie to its shareholders although it retained some Seatrium shares as well.
Seatrium on June 12 bought back 1.2 million shares on the open market at 12.4 cents each. This marks the first time it is doing so after becoming the combined entity of Sembcorp Marine (SGX:S51) and Keppel Offshore and Marine.
The last time Sembcorp Marine bought back shares was a year ago on June 15, 2022, when the company acquired 4.01 million shares for 11.6 cents each on the open market.
