Singapore budget carrier Tiger Airways (TAHL.SI) said on Monday it has received shareholders’ approval for a planned rights issue that is set to raise gross proceeds of around $158.6 million.
Tiger has also obtained approval-in-principle from the Singapore Exchange for the listing of shares from the rights issue. The carrier plans to sell up to 273.4 million new shares at $0.58 each.
It had requested for the trading of its shares to be resumed at 1:15 p.m. following a halt.
No comments:
Post a Comment