Sembcorp Marine (SG:S51) has released an update.
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Sembcorp Marine has announced it received approval in-principle from the Singapore Exchange Securities Trading Limited for the listing of its consolidated shares post a proposed share consolidation. This consolidation will merge every twenty existing shares into one new share, subject to conditions such as SGX-ST’s listing requirements and shareholder approval at the upcoming Annual General Meeting. Investors are urged to exercise caution and consult professional advisers as the consolidation process is still subject to change.
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