SIA & Sin Govt Ownership
 

Has anyone heard a rumor that the Singapore Govt is going to set SIA adrift and sell down their shareholding ?? Just seeking some clarification to something I have heard.

Cheers

Well one of the first things the new CEO did when replacing that actor fellow with the bad hair (piece) was to award himself a few share options. Just a few mind - you wouldn't want to be seen as greedy...

Make of that what you you might - but I can't see the shares doing anything useful under the SGX (which is moribund), so a relisting on a bigger market would be needed to make anything like a unload look attractive. And who wants airline shares at the moment ? Even a low cost outfit like SIA.


ACCEPTANCE OF SHARES UNDER THE SIA EMPLOYEE SHARE OPTION PLAN

Pursuant to Section 166 of the Companies Act, Cap. 50, this is to inform you that Mr Chew Choon Seng, CEO and director of Singapore Airlines Limited has accepted 228,000 SIA shares offered at $10.70 per share on 1 July 2004 under the SIA Employee Share Option Plan.
Submitted by Ms Wun Wen-na, Asst Company Secretary on 30 July 2004 to the SGX

D&G

Never!
 

Never Never!

Not even when hell freezes over.

Even when the EAGLES are singing them.

Which part of NEVER did you lot not understand.

;)