AirAsia gets approval to list 559 million new shares

The pilot episode of our new series 20 Questions features Tan Sri Tony Fernandes. He may be an entrepreneur extraordinaire and CEO of the largest low-cost carrier in Asia but will he pass or fail the R.AGE-certified test on general knowledge and current affairs?

PETALING JAYA: AirAsia Bhd has received approval from Bursa Malaysia to list the 559 million new shares that will be issued to its owner, Tan Sri Tony Fernandes (pic) and his business partner Datuk Kamarudin Meranun.

In a filing with Bursa Malaysia yesterday, the low-cost carrier said the local bourse’s approval for the new shares, which will enable it to raise RM1bil, would be subject to several conditions.