Singapore Airlines (SIA) said it would tap existing investors for up to S$15 billion (US$10.48 billion) through the sale of shares and convertible bonds to offset the shock to its business from the coronavirus outbreak, sending shares down as much as 10.5 per cent on Friday.The fundraising is being underwritten by the airline’s biggest investor, state-owned Temasek Holdings, which owns about 55 per cent of the group.“This is an exceptional time for the SIA Group,” SIA chairman Peter Seah said…
We understand Legal Issues in Asia