Temasek's buyout of SMRT gets go-ahead from Singapore Court

Today will be the last day of trading SMRT shares.

The delisting of transport operator SMRT is becoming a reality soon as Singapore's High Court approved buy-out scheme of state investor Temasek Holdings.

In a statement released yesterday, SMRT announced that the Scheme has been sactioned by the Court.

"Subject to the satisfaction (or where applicable, waiver) of all the scheme conditions in accordance with the implementation agreement, the scheme shall become effective and binding upon the lodgement of the Court Order with ACRA (Accounting and Corporate Regulatory Authority)," it said.

Today will be the last day of trading SMRT's shares while payout of the $1.68 per share is expected by November 1.

SMRT went public in July 2000.