SINGAPORE (July 22): OCBC Investment Research says investors should take Temasek’s offer to buy all issued ordinary shares of SMRT Corporation at $1.68 per share in cash by way of a scheme arrangement.

State-owned investment company Temasek Holdings on Wednesday declared its intention to privatise and delist SMRT, after the rail operator last week agreed to a transition to the New Rail Financing Framework (NRFF).

(See Govt to buy $1 bil of SMRT’s assets under new rail financing framework)

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