Startree Investments Pte Ltd offered to acquire remaining 54.6% stake in Sembcorp Marine Ltd (SGX:S51) from Morgan Stanley Asia (Singapore) Pte. and others for SGD 1.3 billion on September 22, 2021. Offer price is set to SGD 0.08 per share. It is the current intention of Startree for Sembcorp Marine to remain listed on the SGX-ST following completion of the transaction. Transaction is conditional on the Offeror receiving valid acceptances such that the aggregate shareholding of the Offeror Concert Party Group exceeds 50%. As of November 1, 2021, Offeror has received valid acceptances in respect of an aggregate of 1.3 billion Offer Shares, representing approximately 3.980% of the total number of issued Shares of Sembcorp. Accordingly, Minimum Acceptance Condition has been satisfied and therefore offer become and is hereby declared unconditional in all respects. Offer is expected to close on November 3, 2021. There will not be any further extension of the closing date. Morgan Stanley Asia (Singapore) Pte. acted as financial advisor and Kck Corpserve Pte. Ltd. acted as registrar to Startree Investments Pte Ltd. Provenance Capital Pte. Ltd. acted as financial advisor to Sembcorp Marine. Startree Investments Pte Ltd completed the acquisition of an additional 7.97% stake in Sembcorp Marine Ltd (SGX:S51) from Morgan Stanley Asia (Singapore) Pte. and others for approximately SGD 200 million on November 3, 2021. Startree received valid acceptance for 2.5 billion shares. Following the close of the MGO, the Company will remain listed on the SGX-ST.