Singapore Exchange has given its in-principle approval for Singapore Airlines' takeover offer for Tiger Airways Holdings.
SGX confirmed on April 14 that it has no objection to the proposed delisting subject to the completion of the compulsory acquisition. It also confirmed it has no objection to granting Tiger Airways a waiver of the requirement under Rule 1307 of its Listing Manual that the proposed delisting be approved by shareholders in a general meeting.
The proposed delisting will not affect the listing status of the perpetual convertible capital securities issued by Tiger and these will remain listed on SGX.
SIA last traded at $11.39 on April 15.
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SGX confirmed on April 14 that it has no objection to the proposed delisting subject to the completion of the compulsory acquisition. It also confirmed it has no objection to granting Tiger Airways a waiver of the requirement under Rule 1307 of its Listing Manual that the proposed delisting be approved by shareholders in a general meeting.
The proposed delisting will not affect the listing status of the perpetual convertible capital securities issued by Tiger and these will remain listed on SGX.
SIA last traded at $11.39 on April 15.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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