SIA buys 7% of Tiger from Temasek for $49m to raise stake to 40%
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
SINGAPORE Airlines (SIA) has acquired a 7.3 per cent stake in Tiger Airways from Temasek Holdings, taking its stake in the budget carrier to 40 per cent from 32.7 per cent.
In a release to the Singapore Exchange yesterday, SIA said it had acquired 72.33 million shares in Tiger from Dahlia and 1,800 shares from Aranda for S$49.034 million, funded by the carrier's internal cash resources. Both Dahlia and Aranda are indirect wholly-owned subsidiaries of Temasek Holdings.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
