Sembcorp Industries now trade ex-entitlement Sembcorp Industries price “collapsed” by c.40% today (as of this writing) as the shares went ex-entitlement. Shareholders of Sembcorp Industries shares as of 8 September will be entitled to receive 4.911 shares of Sembcorp Marine for 1 Sembcorp Marine shares that they own. This “entitlement” will no longer be valid … Read more
Sembcorp Demerger In today’s Sembcorp group EGM, the Sembcorp demerger was duly passed, including the critical whitewash which Sembcorp Marine minorities have the final say. It was being approved by a resounding 88% of shareholders who participated in the voting process. With that, the demerger between Sembcorp Industries and Sembcorp Marine has been formalized. Sembcorp … Read more
