The ‘proposed combination’ will involve the creation of a new combined entity through two schemes of arrangement. The first is a one-for-one exchange of Sembcorp Marine shares for the combined entity’s shares and the transfer of Sembcorp Marine's listing status to the combined entity.
The second will involve the acquisition of Keppel O&M by the combined entity to be paid for via issuance of new shares of the combined entity.$SEMBCORP MARINE LTD(S51.SI)$
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