In its statement, the company reiterated that it had highlighted the risk factors that came with SembMarine operating as a standalone entity, where it would have to navigate an “even more competitive landscape” if the proposed combination fails.
Sembcorp Marine (SembMarine) stressed that it will still be able to continue to “pursue its normal course of business and operations” should the proposed combination fails. “However, it will not be able to benefit from greater scale and synergies from the larger operational scale, broader geographical footprint and enhanced capabilities that the proposed combination is expected to bring,” reads the circular previously issued by the company.
The company, on Feb 6, issued a response to comments made on its circular in connection to the proposed combination with Keppel Offshore & Marine (Keppel O&M).
