Following the acceptances, Startree has acquired a total of some 15.88 billion shares, representing some 50.594% of the total number of issue shares and around 50.59% of the maximum potential issued share capital of the company.
Startree Investments, an indirect wholly-owned subsidiary of Temasek Holdings, says its mandatory general conditional cash offer (MGO) for Sembcorp Marine (SembMarine) has been declared unconditional in all respects on Nov 1.
According to a statement, Startree had received valid acceptances of 1.25 billion offer shares, or 3.98% of the total number of issued shares.
