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Temasek buyout of SMRT for $1.18bn gets go-ahead

Singapore Business Review

84.8% of shareholders voted in support of the bid.

An overwhelming 84.8% of minority shareholders of SMRT Corp has approved Temasek Holdings' $1.18bn bid to take full control of the Singapore's main rail operator.

Over 4,000 shareholders attended the meeting.

After a succesful acquisition, SMRT will become a fully owned subsidiary of Temasek and will be delisted from the Singapore Exchange.

Here's more from Reuters.



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