atans1

Tiger shareholders related to scholar Eng & ministers?

In Airlines, Financial competency on 23/12/2015 at 1:15 pm

Remember scholar Eng and that blind gal with a guide dog?

Some Tiger shareholders feel that they are entitled as these spoled brats isit? They think they like PAP ministers isit?

The Securities Investors Association Singapore (SIAS) said in the open letter dated Dec 18 that some Tigerair minority shareholders felt SIA’s offer was “not reasonable”.

The reason for this, Mr Gerald, president of SIAS, was that shareholders who bought Tigerair shares during its initial public offering in 2010 at S$1.50 a share and subscribed to all three rights issues since then would have paid an average of S$0.67 a share. The takeover price is 0,41

Maybank Kim Eng Securities, the independent financial adviser appointed by Tigerair’s independent directors, advised shareholders to accept SIA’s offer, saying the deal is “fair and reasonable”

But because they’hh lose money, these shareholders think that the offer is “unreasonable”.

WTF.

 

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