NewsTBT: SATS aims to ‘reduce’ size of rights issue

October 7, 2022by 0

The Business Times reports: 
KERRY Mok, the chief executive of inflight caterer and ground handler Sats : S58 -1%, wants shareholders to know he is looking out for their interests.
Since Sats announced some details about a proposed acquisition of Worldwide Flight Services (WFS) last week – details that included a potential rights issue to raise S$1.7 billion – the counter has lost about 24 per cent of its value.
In an interview with The …

The post TBT: SATS aims to ‘reduce’ size of rights issue appeared first on The Loadstar.

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