Most of SIA's board bail on MCB subscription

CEO Goh Choong Poon has lapsed the provisional allotments of 3 million rights MCBs.

Many of Singapore Airlines’ (SIA) directors chose not to subscribe for its mandatory convertible bonds, according to multiple SGX filings. This follows after they called for a $15b rights issue of shares and a convertible bond issue.

SIA’s CEO Goh Choong Poon has lapsed the provisional allotments of 3,339,839 rights MCBs, whilst DBS Group chairman and SIA’s non-executive chairman Peter Seah Lim Huat lapsed 73,160 rights MCBs.

Other members of the board that did not subscribe for their allotted MCBs are David John Gledhill, Simon Cheong Sae Peng, Dominic Ho Chiu Fai and Lee Kim Shin.

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