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Tiger shareholders okay rights issue and sale of Aussie stake

Group is divesting remaining 40% interest in Tigerair Australia to devote resources to Tigerair Singapore

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SHAREHOLDERS of beleaguered budget carrier Tiger Airways overwhelmingly voted in favour of both the divestment of its 40 per cent stake in Tigerair Australia as well as a proposed rights issue that could raise up to S$234 million.

At an extraordinary general meeting on