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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, Investment

Singapore court approves Temasek’s buyout of SMRT

Posted on 18 October 2016

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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