Should investors answer SIA's call for more cash?
The airline group may have to issue more than 3.47b new shares when all its MCBs mature in 2030
Add BT as a preferred source
WHEN Singapore Airlines offered its shareholders the first S$3.5 billion tranche of mandatory convertible bonds (MCBs) last year there were few takers other than Temasek Holdings.
Even SIA's chairman Peter Seah and its CEO Goh Choon Phong allowed their provisional allotments to lapse.
As a result, Temasek ended up holding 95.9 per cent of those MCBs even though it owned less than 56 per cent of SIA.
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
MAS convenes bank CEOs over AI cyberthreats; boards told to own risks, not leave to IT teams
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
LTA circular to potential EV charger owners reveals hundreds of e-mail addresses under carbon copy feature
