The rights issue offers 3 rights shares for every 4 existing NOL shares at a rights price of US$1.30 per share, representing a discount to the pre-announcement price of 15% (9.2% discount to TERP).
Neptune Orient Lines is Singapore’s largest publicly listed shipping and logistics company and the world’s seventh largest container shipping firm. The company is 68%-owned by Singapore’s state investment fund, Temasek.
D.C.