Read? Temasek on Keppel MAC Pre condition
It is clear-cut that MAC Pre condition is NOT met and Temasek should have walked away on Monday.
Why wait up to 31 Aug to decide?
Likely $7.35 will NOT hold and Temasek needs time to revise $7.35 downward. That new number has to be juicy enough for minority shareholders to sell to reach 51% under current depressed stock price.