Sembcorp Marine has told investors its recapitalisation plans are “vital” and in the “best interests” of shareholders.
The comments from the Singapore yard group come after some shareholders expressed concern about the plan given the poor state of the market.
“If shareholders do not approve the transaction, Sembcorp Marine's strenuous efforts to recapitalise and strengthen its balance sheet will be negated and the critical need to address our liquidity requirements will fail,” the company said in a regulatory filing.
