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Singapore Airlines taps investors for up to US$10.5b amid coronavirus shock

www.channelnewsasia.com

SINGAPORE: Singapore Airlines (SIA) is tapping 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.

The fund raising is being underwritten by the airline's biggest investor, Temasek Holdings, which owns about 55 per cent of the group.

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