Sembcorp Marine (SG:S51) has released an update.
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.
For further insights into SG:S51 stock, check out TipRanks’ Stock Analysis page.
