TIGER AIRWAYS HOLDINGS LIMITED
(Incorporated in the Republic of Singapore) Company Registration Number: 200701866W
REVISED OFFER FROM TIGER AIRWAYS TO PURCHASE STAKE IN
PHILIPPINES BASED SEAIR
• Tiger Airways Holdings Limited ("Tiger Airways") plans to
purchase a 40% stake in South East
Asian Airlines (SEAIR), Inc. ("SEAIR") for US$7M
Singapore, 16 April 2012. Tiger Airways today announced the
signing of a revised Term Sheet for
Tiger Airways to purchase a 40% stake in SEAIR from existing
foreign investors for US$7 million. The revised Term Sheet is
to replace the first Term Sheet that was signed on 24
February 2011. The parties will now proceed to finalise the
definitive sale and purchase agreement for the stake.
BY ORDER OF THE BOARD
TIGER AIRWAYS HOLDINGS LIMITED
Ms Joyce Fong
Company Secretary
16 April 2012
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