SIA shares dive 6% despite S$15 billion fundraising plan backed by Temasek

  • 📰 TODAYonline
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 99%

Singapore Headlines News

Singapore Latest News,Singapore Headlines

SINGAPORE — Singapore Airlines (SIA) may be getting a S$15 billion boost, largely supported by state investment firm Temasek Holdings, but its share price still fell when trading resumed on Friday (March 27), closing 6.46 per cent lower at S$6.08.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in SG

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

SIA aims to raise $15 billion with support from Temasek to combat Covid-19 falloutThis will be done by issuing new shares to current shareholders to raise about $5.3 billion and issuing mandatory convertible bonds to raise up to $9.7 billion, the airline said.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »

US announces reward up to US$15 million for Venezuelan President Nicolas MaduroWASHINGTON (REUTERS, BLOOMBERG) - The US State Department on Thursday (March 26) announced rewards for information leading to the arrest or conviction of various Venezuelan nationals, including President Nicolas Maduro who Washington aims to push out of power.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »

SIA to raise S$15 billion by issuing shares and bonds, Temasek Holdings to back its plansSINGAPORE — Singapore Airlines (SIA) will be trying to raise S$15 billion of funds by issuing new shares to its shareholders, firstly through offering S$5.3 billion in new equity and up to S$9.7 billion of 10-year mandatory convertible bonds.
Source: TODAYonline - 🏆 1. / 99 Read more »

Singapore stock watch: SIA shares resume trading, SPH, SPH Reit, Mapletree Commercial TrustSINGAPORE (THE BUSINESS TIMES) - The following companies saw new developments that may affect trading of their securities on Friday (March 27):. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »

SIA shares fall on massive fund raising plan to fight coronavirus hitSINGAPORE (THE BUSINESS TIMES) - Singapore Airlines' (SIA) stock price saw some volatility on Friday morning (March 27), shortly after the flag carrier proposed issuing bonds as well as new shares at a hefty discount to raise some $8.8 billion.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »

SIA aims to raise $15 billion with support from Temasek to combat Covid-19 falloutThis will be done by issuing new shares to current shareholders to raise about $5.3 billion and issuing mandatory convertible bonds to raise up to $9.7 billion, the airline said.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »