Was pondering if I should write this blog article on Sembcorp Marine (SCM) and Keppel Offshore and Marine (KOM) 's planned merger? This is because by now, since the announcements few days back, several financial bloggers should have already written articles on it to give good insight.
Still, I decided to pen my thoughts. After all, I considered myself the oil blogger and perhaps veteran of marine and offshore in the local financial blogosphere. I will try my best to give unique thoughts and comments and not just repeating what was already announced.
Back to the topic of merger and SCM’s rights issues, nothing surprising really. I also wrote in an earlier article in January this year when KOM exited her Rig business, stating that it is strategically clever and the move will facilitate the merger without having anti-competition bodies blocking the deal.
Keppel Exiting Rig Business – What it means? – Jan...