The rights issue is expected to be completed in the third quarter of 2021.
Sembcorp Marine (SembMarine) has announced that intends to take a renounceable underwritten rights issue to raise gross proceeds of some $1.5 billion with an issue price of 8 cents per rights share.
The company will issue up to 18.83 billion new shares in its capital on the basis of three new shares for two existing shares held.
