Hot stock: Singapore Airlines sees high trading volume as shares go ex-rights

Back in March when SIA proposed the cash call, the theoretical ex-rights price was S$4.40 per share - assuming the completion of the rights issue at that time and calculated based on the last transacted price of the shares of S$6.50 on March 25, 2020, which was the last trading day prior to the announcement.SIA will raise S$8.8 billion in gross proceedsThis includes up to 1.78 billion new shares to be issued at S$3 apiece to raise S$5.3 billion. The issue price represents a discount of about 53.

Under the bond issue, on the basis of 295 rights MCBs for every 100 existing shares owned, SIA will raise up to S$3.5 billion. The zero-coupon bonds will be priced at S$1 each.at a virtual extraordinary general meeting . They also approved a further issue of up to S$6.2 billion of additional MCBs which may be issued within a 15-month period after the EGM to shore up liquidity if the Covid-19 pandemic drags on.For daily updates on weekdays and specially selected content for the weekend.

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Hot stock: Singapore Airlines tumbles 28.3% as shares trade ex-rightsSINGAPORE Airlines (SIA) shares sank on the counter's first day of ex-rights trading, ahead of the flag carrier's S$8.8 billion fundraising. Read more at The Business Times.
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Hot stock: Singapore Airlines tumbles 28.3% as shares trade ex-rightsSINGAPORE Airlines (SIA) shares sank on the counter's first day of ex-rights trading, ahead of the flag carrier's S$8.8 billion fundraising. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

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Source: The Straits Times - 🏆 8. / 63 Read more »

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