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SIA garners 74.5% stake in Tiger - still short of target of over 90%

Aggregate interest at end of Dec 28 deadline includes 18.76% from valid acceptances; offer now closes on Jan 8

Nisha Ramchandani

Published Tue, Dec 29, 2015 · 09:50 PM

Singapore

SINGAPORE Airlines (SIA) fell short of the necessary acceptances to delist budget carrier Tiger Airways at the original close of the general offer, according to a filing on Tuesday to the Singapore Exchange, which comes a day after the airline extended the offer deadline.

This could be one reason that the airline group chose to push the close of the offer from Dec 28 to Jan 8.

SIA, which owns some 55.8 per cent of Tiger, had garnered an additional 18.76 per cent from valid acceptances at the end of Monday, it said on Tuesday morning. As such…

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