01.09.2016 - Temasek's SMRT buyout a maybe-win case for investors
In 2001, a year after it was listed, SMRT Corp paid main shareholder Temasek Holdings a special dividend of $540 million. The transport operator has since paid out a further $1.2 billion or so in dividends to shareholders. Temasek, which owns 54 per cent of SMRT, would have collected another $630 million or so, meaning the state investor has collected close to $1.18 billion in dividends from SMRT. Temasek's offer to take SMRT private - made through a scheme of arrangement last month - is also $1.18 billion...............................................Full Article: Source
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