March 26, 2020 / 8:52 AM / 4 months ago

Singapore Airlines to announce support from state investor Temasek

SINGAPORE, March 26 (Reuters) - Singapore Airlines Ltd will soon announce "corporate action" supported by state investor Temasek Holdings to tackle the impact of the coronavirus outbreak, finance minister Heng Swee Keat said on Thursday.

"I’ve been informed that SIA is considering corporate action supported by Temasek holdings and will be making an announcement in due course," Heng said.

"I welcome Temasek's decision to support SIA."

Singapore Airlines halted trading of its shares earlier on Thursday pending an announcement. (Reporting by Joe Brock; editing by Jason Neely)

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