Sembcorp Marine plans rights issue to ‘ride out downturn’
The struggling shipyard company said the current priority is to ensure it has adequate liquidity to sustain operations and ride through the downturn. Sembcorp Marine reiterated that the rights issue will provide it with much-needed recapitalisation to ride out the industry downturn
The company warned that if shareholders did not vote for the transaction to go ahead, strenuous efforts to recapitalise and strengthen its balance sheet will be negated and the critical need to address liquidity requirements will fail
If content does not display, please refresh your browser.
Not a subscriber?
Find out about tailored subscription packages:
T: +44 (0) 20 3377 3792
Request a Demo Getting a demo tailored to your needs is the best way to see how our solutions will help you gain an advantage.
Register for our free email digests: