Startree Investments, a wholly-owned subsidiary of Temasek Holdings, has announced a mandatory conditional general cash offer to acquire remaining shares in Sembcorp Marine it does not already own at 8 cents per share in cash on Sept 22.

The offer follows Sembcorp Marine’s $1.5 billion renounceable underwritten rights issue which received shareholders’ approval at an extraordinary general meeting held on August 23. The rights shares have been issued by Sembcorp Marine today.

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