On 30 April 2020, Singapore Airlines (SIA) shareholders gathered at the virtual SIA Extraordinary General Meeting (EGM) to vote in favour of the $15 billion fundraising package proposed by the airline.
This momentous event was called, as the COVID-19 pandemic has brought the global airline industry to its knees.
To get a good grasp on what is happening, you might want to look at why my colleague Sudhan will not be buying SIA shares despite the Singapore Airlines share price being cheap.
In addition, you can also find a breakdown of what this $15 million fundraising by SIA means for investors.
TL;DR: Singapore Airline’s $15 Billion Rescue Package Approved by Shareholders – Here is How to Protect Your Position
Don’t have time to comb through all the information from the SIA EGM? We got you!
Here are 7 key takeaways from the April 2020 Singapore Airlines (SGX: c6l) EGM....