Big news emerged from Sembcorp Marine (SGX: S51) and Keppel Corporation Limited (SGX: BN4) after the Singapore stock market closed on Thursday, 24 June. Here’s what you should know about the announcements in under a minute. Potential Merger Sembcorp Marine and Keppel Corporation have signed a non-binding memorandum of understanding (MOU) so that they can have exclusive negotiations to combine Sembcorp Marine and Keppel Offshore & Marine (O&M). Source: Sembcorp Marine investor presentation The aim is to create a stronger merged entity in response to major changes in the global O&M engineering and energy sectors. Both companies said that the discussions are at a preliminary stage and that there’s no certainty that the potential combination will take place. Further updates will be provided as and when they emerge. Sembcorp Marine Rights Issue Sembcorp Marine also announced a S$1.5 billion renounceable underwritten rights issue. The rights issue will be on the basis of three Sembcorp Marine rights shares for every two shares in Sembcorp Marine held by a shareholder....