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2023-06-29

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Temasek Sells 1.85% Stake in Singapore Airlines, Remains Top Investor

Temasek continues to maintain majority stakeSingapore Airlines announced in May record annual profitShares have jumped almost 36% year-to-dateHONG KONG/SINGAPORE, June 28 (Reuters) - Singapore's state

Temasek Sells 1.85% Stake in Singapore Airlines, Remains Top Investor

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calculations.</p><p style=\"text-align: start;\">Citi is the sole bookrunner on the share sale, the term sheet showed.</p><p style=\"text-align: start;\">Citi declined to comment.</p><p style=\"text-align: start;\">&#34;As an active investor, we regularly reshape and rebalance our portfolio to deliver sustainable returns over the long term,&#34; Juliet Teo, Temasek&#39;s Head of Transportation &amp; Logistics, said in an emailed statement in response to Reuters query on Wednesday.</p><p style=\"text-align: start;\">&#34;We are committed to the long-term success of SIA and continue to maintain a majority stake in it,&#34; she added.</p><p style=\"text-align: start;\">SIA announced last month a record-high profit of S$2.16 billion for the year ended March 31, after posting losses for the past three years, and said it was off to a strong start with higher bookings to China, Japan and South Korea as pandemic curbs ended globally.</p><p>Shares of SIA have jumped almost 36% so far this year.</p><p style=\"text-align: start;\">($1 = 1.3517 Singapore dollars)</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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