As from April 2013 my Journey in Investing is to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

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"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

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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!






4 comments:

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

      Delete
  2. 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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