SEMBCORP Marine shares jumped S$0.07 or 5.2 per cent to S$1.42 on Wednesday morning, touching highs not seen since July this year.which saw the mainboard counter hit a high of S$1.36, up 16 Singapore cents or 13 per cent, before it pulled back slightly to close at S$1.34.
raise its stake in Keppel Corp to 51 per centThe move has fuelled decades-long speculation of a possible merger between Keppel's offshore and marine operations and its rival, SembMarine. Temasek has a 49.5 per cent interest in Sembcorp Industries, parent of SembMarine.On Tuesday, SembMarine rose to an intraday high of S$1.41 before settling at S$1.35, up one cent or 0.75 per cent.
Source: News Formal (newsformal.com)
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