SINGAPORE, Aug 25 (Reuters) - Budget Singaporean carrier Tiger Airways will raise S$158.6 million ($132 million) in a rights issue to shore up its capital, two weeks after it resumed flights in Australia following a six-week suspension.
The company will issue 273.42 million new shares at a price of S$0.58 per rights share, a 39 percent discount to its last traded price. It will issue one share for every two existing ordinary shares held, it said in a statement late on Thursday. Full story
Related:
Tiger Airways plans $132 million rights issue - FinanceAsia
Tiger Airways to raise $126m to buy aircraft, strengthen balance sheet - The Australian
