Undoubtedly, this is the topic of the day for Singapore stock exchange. Many analysts have covered this topic, but since I am personally in the sector for close to two decades, I also will like to share my humble views here and hopefully it can provide added insight on top of the analysts’ or any other news reports. ANNOUNCEMENTS Sembcorp Marine Ltd - S51.SI (SCM) announces rights issue to raise SGD2.1b. Of which, SGD1.5b will be used to return the loan she owed to her parent, Sembcorp Industries Ltd - U96.SI (SCI). At the same time, both Temasek and SCI has pledged their support to the five-for-one renounceable rights issues. Up to 10.5B new shares will be issued at a price of 20 cts each. SCI, which owns 61 per cent of SCM has under undertaken to subscribe SGD1.27B of her entitlement, plus 230M if necessary. The...