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.$SEMBCORP MARINE LTD(S51.SI)$
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
[LOL]