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Is SIA Engineering’s share price spike an indication of possible privatisation?

PC Lee
PC Lee7/8/2019 04:33 PM GMT+08  • 3 min read
Is SIA Engineering’s share price spike an indication of possible privatisation?
SINGAPORE (July 8): Could SIA Engineering (SIAEC) be the next local stock to be taken private by parent Singapore Airlines (SIA) given its recent share price volatility and heightened activity in the local M&A and privatisation space?
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SINGAPORE (July 8): Could SIA Engineering (SIAEC) be the next local stock to be taken private by parent Singapore Airlines (SIA) given its recent share price volatility and heightened activity in the local M&A and privatisation space?

Before noon last Friday, SIAEC announced in a filing it was not aware of any information that might explain the jump in its share price over Thursday and Friday morning.

This was in response to an unusual price movement query from the Singapore Exchange (SGX) issued less than an hour after the market opened that morning.

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