Shares & Derivatives
Sembcorp Marine Rights Issue: What Investors Need To Know
By SmallCapAsia  •  June 9, 2020
By now, you would probably have heard of the shocking news that Sembcorp Marine is announcing a massive rights issue + Sembcorp Industries (SCI:SP) is also looking to spin off Sembcorp Marine (SMM:SP) by a proposed distribution (in SMM shares). I shall not bore you on the full transaction details as its heavily covered by the presentation and news sources. But if you want a full view of what’s going on, you can check out Sembcorp Marine’s presentation slides here. Below are few quick things investors should know:

1. Sembcorp Marine’s EX-rights issue price at S$0.308

Based on the above, I calculated it on excel how much existing Sembcorp Marine shareholder will lose out if they don’t go for the highly dilutive rights issue given that the Theoretical Ex Rights Price is S$0.308. Next up, we look at Sembcorp Industries to see if its a good buy now....
Read the full article
By SmallCapAsia
Our slogan is simple: Start Small, Win Big! What does it mean? Simply put, we want you to invest your small pockets of money and eventually have them balloon into hoards of cash in the long run – so that you can live your dream lifestyle and most importantly, retire comfortably without having to worry for another day.
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance