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Revisions

Has SMRT gone off the rails?

In print this week

Has SMRT gone off the rails?

Trinity Chua, Michelle Teo & Chan Chao Peh Published on Fri, Oct 27, 2017 / 12:43 PM GMT+8

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SINGAPORE (Oct 27): Desmond Kuek, CEO of SMRT Corp, worked hard last year to persuade shareholders of the company to accept an offer from Temasek Holdings to take the company private via a scheme of arrangement.

SMRT’s business, he said, needed a restructuring that was best done away from the glare of the public market.

Almost exactly one year on, a host of statistics suggest that SMRT’s rail reliability is good and getting better.