Startree now has a stake of 54.6% in SembMarine, adds the group in its business update for the 3QFY2021 ended September.
The successful completion of the $1.5 billion renounceable underwritten rights issue has enabled Sembcorp Marine (SembMarine) to meet its projected operational funding requirements through to at least end-2022, says the group on Nov 11.
The mandatory general offer (MGO) by Temasek Holdings’ indirect wholly-owned subsidiary, Startree Investments, has also closed.
