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Temasek’s Keppel Corp offer renews yard merger speculation

Shares in Singapore’s other leading yard group, Sembcorp Marine, soared right after news broke on Temasek’s billion-dollar offer. Singapore’s sovereign wealth fund moving in to take control of Keppel Corp is seen as one step closer to merging Keppel O&M with SembMarine, an analyst says

Sembcorp Marine’s share price was boosted on Monday as investors digested the news of an equity injection into Singaporean conglomerate Keppel Corp, provided by Temasek, the Singaporean holding company owned by the Government of Singapore

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