(Oct 30): Desmond Kuek, CEO of SMRT Corp, worked hard last year to persuade shareholders of the company to accept an offer from Temasek Holdings to take the company private via a scheme of arrangement. SMRT’s business, he said, needed a restructuring that was best done away from the glare of the public market. “The privatisation allows an environment where this can be focused on much more decisively and allows us to bring about those changes in a more determined way, without the short-term pressures of earnings expectations,” Kuek said in an interview with The Edge Singapore in September last year.

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