Part 5/12:

Despite these developments, shareholder confidence has waned drastically. Over the past five years, Semcorp Marine's share price has plummeted from a high of SGD 1.79 to just 11 cents as of August 12—a decline of about 94%. This drastic drop has eroded the value of minority shareholders' investments, fueling fears about the company’s future viability.

The upcoming rights issue has triggered questions about the company's plans for the raised funds. Shareholders are anxious about the rationale behind new capital injections—whether they will be used to repay existing debts, fund existing projects, or pursue new business opportunities. Many view the move skeptically, fearing it may amount to a "sinking ship," while others demand transparency regarding the strategic use of these funds.