Home News Aviation & Engineering

SIA rights shares fully subscribed but shareholders snub MCBs

Felicia Tan
Felicia Tan6/2/2020 06:07 PM GMT+08  • 2 min read
SIA rights shares fully subscribed but shareholders snub MCBs
There were a mix of valid acceptances and excess applications, which amounted to a total of 119.5% of the 1.78 billion rights shares available under the rights issue.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (June 2): Singapore Airlines (SIA) has announced that its rights issue has been fully subscribed by valid shareholders.

There were a mix of valid acceptances and excess applications, which amounted to a total of 119.5% of the 1.78 billion rights shares available under the rights issue.

The airline announced that it was undertaking a renounceable rights issue of new shares in the company on March 26, raising up to $15 billion eventually to help survive the Covid-19 crisis.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now