International Business & Economy SMRT to be delisted from SGX after 16 years

SMRT to be delisted from SGX after 16 years




- Advertisement -

The High Court yesterday (17 Oct) approved the buyout of SMRT by Temasek Holdings. Following the Court’s decision the public transport operator will be delisted from the Singapore stock exchange on 1 Nov. Today is last day of trading for SMRT and shareholders will be paid for their shares before the delistment.

screengrab: Yahoo Finance
screengrab: Yahoo Finance

Temasek owned 54.2 percent of SMRT before the buyout. In an Extra-ordinary General Meeting held on 29 Sep, 98.84 percent of SMRT’s minority shareholders approved the sale of SMRT assets to the Land Transport Authority. 84.83 percent also approved the takeover bid by Temasek Holdings. Temasek abstained from voting.

SMRT Corporation was listed on the mainboard of the Singapore Exchange Securities Trading Limited on 26 July 2000.

- Advertisement -

SMRT Trains and SMRT Light Rail transited to LTA’s New Rail Financing Framework on 1 October 2016. Analysts speaking to The Straits Times said that there was a possibility that SMRT could have gone into insolvency under the old rail financing framework.Follow us on Social Media

Send in your scoops to 

- Advertisement -

Head of M’sia-S’pore workers’ group asks if JB workers can serve 21-day SHN at budget hotels

Johor Bahru—In the light of a recent increase in Covid-19 infections, Singapore announced that it is extending Stay-Home Notices (SHN) from 14 days to 21 days for new arrivals to the country starting from Friday (May 7). The only exception will be...

Woman makes her temperature high to test if she can enter shopping malls in S’pore

Singapore – A woman conducted a social experiment by raising her temperature to see if she can still enter shopping malls despite the thermal scanner alarm going off. News and media company Shout uploaded a video on Facebook on Tuesday (May 4)...

Tan Tock Seng Hospital staff face discrimination, blamed for stricter measures; PM Lee calls for unity

Singapore – "It's been a tough period for many, but particularly hard for the staff at Tan Tock Seng Hospital (TTSH)," wrote Prime Minister Lee Hsien Loong in social media on Friday (May 7), highlighting the "distressing" cases of discrimination against ...
Follow us on Social Media

Send in your scoops to