Commentary

It's crunch time for SembMarine shareholders

Their votes on $2.1b recapitalisation will determine if firm gets the funding it needs

New: Gift this subscriber-only story to your friends and family

The clock is running down on the plan to recapitalise troubled offshore and marine (O&M) giant Sembcorp Marine.

It's crunch time for shareholders leading up to the critical virtual extraordinary general meeting (EGM) next Tuesday. They should all have received circulars asking them to submit votes and questions - via hard copy or electronically - on whether to go ahead with the recapitalisation of the company.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and straitstimes.com

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Join ST's Telegram channel and get the latest breaking news delivered to you.

A version of this article appeared in the print edition of The Straits Times on August 05, 2020, with the headline It's crunch time for SembMarine shareholders. Subscribe