Minority shareholders in Sembcorp Marine gave an overwhelming yes to the proposed merger with rival Keppel Offshore & Marine (O&M) at an extraordinary general meeting help on Friday.

The motion to approve the proposed combination and the proposed allotment and issuance of Keppel O&M consideration shares passed with just over 4.3bn, or 95.28% of the total shares represented by votes being cast in the proposal’s favour.