In today’s Sembcorp group EGM, the Sembcorp demerger was duly passed, including the critical whitewash which Sembcorp Marine minorities have the final say. It was being approved by a resounding 88% of shareholders who participated in the voting process. This post was originally posted here. The writer, Royston Tan is a veteran community member and blogger on InvestingNote, with username known as Royston_Tan. With that, the demerger between Sembcorp Industries and Sembcorp Marine has been formalized. Sembcorp Marine will be separated from its parent Sembcorp Industries which currently holds about 61% shareholding stake of the former. The ownership structure of Sembcorp Industries will not change. Temasek continues to hold 49.3% in Sembcorp Industries and the public holding 50.7%. Sembcorp Industries will distribute its 60.9-69.9% equity stake in Sembcorp Marine to its shareholders on a pro-rata basis with every 100 Sembcorp Industries (SCI) shares will be entitled to 427-491 new Sembcorp Marine shares. This will result in Sembcorp  ...