Sembmarine shares hit 3-month high in intra-day trading following completion of Temasek offer

view original post

SINGAPORE – Sembcorp Marine shares rose to three-month highs in intra-day trading, just days after Singapore’s Temasek 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. About 735 million units changed hands.

Please or to continue reading the full article.

Get unlimited access to all stories at $0.99/month
  • Latest headlines and exclusive stories
  • In-depth analyses and award-winning multimedia content
  • Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months*

*Terms and conditions apply.