Read? Kep Corp : Bought @ $5.36 for Round 97

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.