Part 3/12:

To navigate these turbulent times, Semcorp Marine announced a rights issue aimed at raising capital to support its operations. This move is seen as a crucial step for the company to remain solvent amidst a backdrop of mounting debts, including approximately SGD 1.6 billion due within a year. The rights issue is expected to bolster working capital, fund ongoing projects, especially those with deferred payments due in 2022, and help service debts that may be difficult to refinance.