Read? Kep Corp : Bought @ $5.36 for Round 97
Read? Temasek on Keppel MAC Pre condition
It is clear-cut that MAC Pre condition is NOT met and Temasek should have walked away on Monday.
Why wait up to 31 Aug to decide?
Likely $7.35 will NOT hold and Temasek needs time to revise $7.35 downward. That new number has to be juicy enough for minority shareholders to sell to reach 51% under current depressed stock price.
They wanna see if SembMarine shareholders will sabo the EGM on 11 Aug first, LOL.
ReplyDeleteTemasek may still be willing to do NS (using our reserves LOL) to merge SembMarine & Kep O&M.