The shareholders of Sembcorp Marine (SembMarine) have approved the group’s proposed renounceable underwritten rights issue on Aug 23 after the group’s extraordinary general meeting (EGM) held earlier on the same day.

See: SembMarine seeks to raise $1.5 bil through rights issue; enters into MOU with Keppel O&M on potential merger

The rights issue will seek to raise gross proceeds of some $1.5 billion with an issue price of 8 cents per rights share.

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