What happened?
Temasek is selling around S$400 million worth of shares in Singapore Airlines (SIA),
according to a Business Times report on 28 June 2023. The shares are priced between S$7.202 and S$7.283 per share, based on a term sheet that was seen by Reuters. This would represent a 2.89% to 3.97% discount to SIA’s last closing price of S$7.50 on 28 June 2023. Let’s dive deeper to understand what this could mean for SIA’s share price.
What you need to know about Temasek’s sale of stake in Singapore Airlines (SIA)
#1 – Temasek remains significant shareholder in SIA
Source: SIA Through Napier Investments Pte Ltd and Temasek Holdings (Private) Limited, Temasek has a 55% direct stake in SIA as of 5 June 2023. Following the reported share sale, Temasek would still maintain a majority stake in SIA with a stake of about 53.5%. In the article,...
