Business

Sembmarine hits 3-month high following completion of Temasek offer, Companies & Markets News & Top Stories

SINGAPORE – Sembcorp Marine shares rose to three-month highs in intra-day trading, just days after Temasek Holdings completed its Mandatory General Offer (MGO) for the company.

The stock opened at 8.2 cents on Tuesday, then rose to hit a high at 9 cents in early trading before settling to close during the post-market “matching” period unchanged at 8.2 cents. Some 735 million units changed hands.

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