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  • STI Straits Times Index
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QT Vascular0.009+0.004
AsiaMedic0.031+0.011
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KOSPI 2,098.0 -36.7

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News - Detailed News Story

DBS

Stock Chart
Last Done 21.650
Change -0.140 (-0.64%)
Volume 3,627.53
Range 21.630 - 21.970

SIA

Stock Chart
Last Done 3.810
Change -0.040 (-1.04%)
Volume 4,688.2
Range 3.800 - 3.860

SIA directors opt to not subscribe for rights MCBs

03 Jun 2020 09:00

By Marissa Lee

MOST directors of Singapore Airlines (SIA) have chosen to let their rights mandatory convertible bonds (MCBs) lapse without exercising them, despite proposing the MCB rights issuance to shareholders as part of a larger cash call in April.

SIA chief executive Goh Choon Phong let his provisional allotments in respect of 3.34 million rights MCBs lapse last week, according to a Singapore Exchange filing on Monday.

SIA non-executive chairman Peter Seah also let his allotment of 73,160 rights MCBs lapse, filings showed.

However, both Mr Goh and Mr Seah have applied to take up the rights shares, and their actual allocations will be decided at a later date.


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Source: Business Times
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