SINGAPORE, March 4 — Singapore Airlines (SIA) is set to complete the acquisition of its subsidiary Tiger Airways, with its offer for the budget carrier’s remaining shares closing on Friday (March 4).

Last week, the flag carrier announced that it had acquired 95.6 per cent of Tiger Airways, which would allow it to acquire all of Tiger Airways’ remaining shares.

Shareholders who have not responded to SIA’s offer will receive a letter on the compulsory acquisition of their shares “in due course”, the carrier said.

SIA had launched its offer for Tiger Airways’ remaining shares on November 6, 2015, when it owned 55.8 per cent of the budget carrier.

However, the process was marred by disagreements over share prices. SIA made its final offer to shareholders in January, offering 45 cents for each share, up from the 41 cents it had initially offered.

This move allowed SIA to cross the 90 per cent threshold needed to delist Tiger Airways. — TODAY