OPINION: Singapore’s Sembcorp Marine is making a concerted effort to assure its shareholders that the proposed merger with compatriot Keppel Offshore & Marine is in the company’s best interests.

Sembmarine this week released the financial and operating metrics of its proposed combination with a restructured Keppel O&M in response to queries from shareholders concerned about share dilution.

The proposed combination, confirmed in April, is based on a 50:50 enterprise value ratio between the two giants, which Sembmarine this week described as “home-grown icons”.