Singapore Airlines has received in-principle approval from the Singapore Exchange (SGX) for its proposed rights issue amid the Covid-19 pandemic. SGX has allowed the listing and quotation of as many as 1.77 billion rights shares, up to S$3.5 billion in rights mandatory convertible bonds (MCBs) and up to 1.3 billion new shares to be issued under rights MCBs conversion, the national carrier said in a regulatory update on Monday. The bourse has also given its in-principle approval for any further rights MCB conversion shares issued as a result of any adjustments made to the rights MCBs’ conversion price. Up to

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