| SMRT Corp announced a continuation of its trading halt today (18 Jul) pending a possible announcement. SMRT first announced a trading halt on Jul 15, where it was announced that its operating assets will come under the new rail financing framework from Oct 1.
According to a Bloomberg report, SMRT called for a trading halt today because Temasek Holdings is mulling a buyout offer for the public transport operator. Temasek owns 54.2 percent of SMRT, and the sovereign wealth fund is said to be weighing an offer to buy all the shares it does not already own...............................................Full Article: Source
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