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Sembcorp Marine acquisition of Keppel O&M
By StocksCafe  •  March 1, 2023
TLDR; If you do not own Keppel (SGX:BN4), you can stop reading. If you have them on 23 Feb 2023, you can either accept this event or handle it yourself with the recommendations below. For every 1000 shares of Keppel that you have on 23 Feb 2023, you are expected to get 191,000 shares of Sembcorp (SGX:S51). See SGX announcement. Several users have asked how to handle this in this forum thread. Therefore, I decided to share this in a post for wider reach. There are different ways to handle this but I personally recommend the following two ways. Stock split style [Recommended] Sell Keppel at the market value on 22 Feb (i.e. price = 7.34). Buy Sembcrop at market value of 22 Feb (i.e. price = 0.134, shares = 19.1 x #Keppel shares) on 23 Feb. Buy Keppel back (at price = 4.7806). Note: price is 4.7806 because...
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By StocksCafe
StocksCafe was created originally as a personal project to help me make better investment decisions. I decided to share it because it grew to a project that I believe many can benefit from. Feel free to let me know how it can improve to better assist you ...
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