I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!

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Monday, 8 June 2020

Sembmarine to raise S$2.1b, demerge from parent Sembcorp


Read? Sembmarine to raise S$2.1b, demerge from parent Sembcorp


 The proposed demerger will be done through a distribution in specie of Sembcorp’s stake in the recapitalised Sembmarine to Sembcorp shareholders as dividends. Shareholders of Sembcorp are set to receive between 427 and 491 Sembmarine shares for every 100 Sembcorp  shares without any cash outlay.



 Good news?

 Finally, SCI is no more smelly and oily stock.

 O&G is smelly!




Posted by Createwealth8888 at 21:05
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3 comments:

  1. Spur9 June 2020 at 14:26:00 GMT+8

    Essentially a bailout of SCM by SCI & Temasek (since they're the majority shareholders). SCI will be leaner. Probably some restructuring & streamlining of Kep in the near future too.

    I guess SG wants to have Kep, SCI, SCM to eventually focus & not overlap in their various industries.

    ReplyDelete
    Replies
    1. CreateWealth88889 June 2020 at 14:42:00 GMT+8

      Place bet on kep for fun in future. See plenty of fun in sembcorp today. :-)

      Delete
  2. Createwealth88889 June 2020 at 18:12:00 GMT+8

    Up 37% on 90M shares changed hand. steady!

    The moral of story is anything can happen overnight in the market.

    Shortists may have learnt the same lesson from Muddy Water shorting Olam. Don't play play with TemaSICK as TemaSICK can became TemaSURGE hor!

    Buyers today so shiok while sellers said heng ah we are out and no more nightmare.

    ReplyDelete

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