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27-09-2021, 09:21 AM
https://www.theedgesingapore.com/news/of...n-facility
SembMarine has, on Sept 27, announced that it has used $430.0 million of the net proceeds raised from its rights issue in 2021 to repay its loan facility.
The company, on Aug 23, received approval from the majority of its shareholders to raise $1.5 billion through a renounceable underwritten rights issue with an issue price of 8 cents per rights share.
Startree Investments, a Temasek subsidiary, announced a mandatory conditional general cash offer to acquire the remaining shares in SembMarine it does not own, at 8 cents per share on Sept 22.
SembMarine has, on Sept 27, announced that it has used $430.0 million of the net proceeds raised from its rights issue in 2021 to repay its loan facility.
The company, on Aug 23, received approval from the majority of its shareholders to raise $1.5 billion through a renounceable underwritten rights issue with an issue price of 8 cents per rights share.
Startree Investments, a Temasek subsidiary, announced a mandatory conditional general cash offer to acquire the remaining shares in SembMarine it does not own, at 8 cents per share on Sept 22.
