18.10.2016 - Singapore court approves Temasek's buyout of SMRT
Singapore's High Court has approved state investor Temasek Holdings' buyout of transport operator SMRT Corporation, bringing the delisting of a 16-year-old float one step closer to reality. The last day of trading of blue-chip SMRT's shares will be Oct 18, while payout of the S$1.68 per share is expected to take place by Nov 1. SMRT shareholders had voted on Sept 29 to let Temasek take SMRT private by way of a scheme of arrangement. Said SMRT in a release after markets closed on Monday: "The Board wishes to announce that the Scheme has been sanctioned by the Court today.........................................Full Article: Source
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