SGX

2023 - 1 - 30

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Image courtesy of "Singapore Business Review"

SGX grants approval in-principle on proposed combination on ... (Singapore Business Review)

The merger of Keppel Corporation and Sembcorp Marine received an approval in-principle from the bourse, Sembcorp Marine said.

In a bourse filing, Sembcorp Marine said SGX gave its approval on the entire issued and paid-up share capital of Keppel O&M and listing and quotation for up to 36,848,072,918 Keppel O&M Consideration Shares on SGX. [merger of Keppel Corporation's offshore segment and Sembcorp Marine](https://sbr.com.sg/energy-offshore/news/keppel-inks-revised-deal-merger-its-om-division-sembcorp-marine) received an approval in-principle from the bourse, Sembcorp Marine said. Sembcorp Marine said they received the approval in-principle from the bourse.

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Image courtesy of "The Edge Singapore"

SGX gives approval-in-principle for Sembcorp Marine and Keppel ... (The Edge Singapore)

Under the proposed deal, which requires approval from its shareholders, Sembcorp Marine will issue up to 36,8 billion Keppel O&M consideration shares. Keppel's ...

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Image courtesy of "The Straits Times"

Sembcorp Marine gets SGX nod for $4.5 billion acquisition of ... (The Straits Times)

Sembmarine will next seek approval from its shareholders at an extraordinary general meeting. Read more at straitstimes.com.

The revised deal is $378 million lower than the previously proposed one-for-one share exchange between the combined entity and Sembmarine, which valued Keppel O&M at $4.87 billion, and translated into an exchange ratio of 44 per cent for Sembmarine and 56 per cent for Keppel. Under the proposed deal, which is subject to shareholder approval, Sembmarine will effectively buy the entire Keppel O&M stake from Keppel Corp for some $4.5 billion, excluding legacy rigs and associated receivables. The mainboard-listed, offshore energy engineering and support services specialist will next seek approval from its shareholders at an extraordinary general meeting, the circular for which is expected to be despatched by Jan 31.

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Image courtesy of "Seatrade Maritime News"

Keppel O&M and Sembmarine merger transaction get SGX approval (Seatrade Maritime News)

The Singapore Exchange (SGX) has given in-principal approval for merger transaction of Sembcorp Marine (Sembmarine) and Keppel Offshore & Marine (Keppel ...

It October Keppel Corp said it was hoped the transaction would close by the end of 2022. SGX has given in-principal approval for Sembmarine to acquire all the entire issued and paid-up share capital of Keppel O&M. In October last year it was announced that the merger would be restructured as an acquisition of Keppel O&M by Sembmarine with the latter becoming the “combined entity” owning both its current business and the offshore and marine business of Keppel, as a way to simplify the transaction for stock listing approval, which previously would have acquired court approval.

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Image courtesy of "Simply Wall St"

When Should You Buy ComfortDelGro Corporation Limited (SGX ... (Simply Wall St)

While ComfortDelGro Corporation Limited ( SGX:C52 ) might not be the most widely known stock at the moment, it received...

Its prosperous future outlook isn’t fully reflected in the current share price yet, which means it’s not too late to buy C52. Future outlook is an important aspect when you’re looking at buying a stock, especially if you are an investor looking for growth in your portfolio. This means that if you believe the current share price should move towards its intrinsic value over time, a low beta could suggest it is not likely to reach that level anytime soon, and once it’s there, it may be hard to fall back down into an attractive buying range again. My valuation model shows that the intrinsic value for the stock is SGD1.64, but it is currently trading at S$1.21 on the share market, meaning that there is still an opportunity to buy now. Another thing to keep in mind is that ComfortDelGro’s share price may be quite stable relative to the rest of the market, as indicated by its low beta. A question to answer is whether ComfortDelGro's current trading price of S$1.21 reflective of the actual value of the small-cap?

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