A Tiger Airways A320 takes off from Singapore
Temasek continues to ensure its portfolio companies have sufficient capital for their operations by backing yet another rights issue, this time for Tiger Airways. The Singapore-listed low-cost airline, which went public in January last year, is seeking to raise up to S$158.6 million $132 million from a one-for-two rights issue that it aims to complete by mid-November.
Temasek owns a direct 7.4% of Tiger Airways, but is also indirectly involved through Singapore Airlines, which holds 32.8%. Temasek is the controlling shareholder in Singapore Airlines with a 54.9% stake. Tiger Airways has two business...
¬ Haymarket Media Limited. All rights reserved.
