AirAsia voluntarily suspended on Friday

A medium-term bond programme will give AirAsia more flexibility when raising funds in the G3 markets - the United States, European Union and Japan - IFR reported, citing people with knowledge of the matter.

KUALA LUMPUR: Trading in the securities of AirAsia Bhd will be voluntarily suspended on Friday for a material announcement.

The low-cost carrier said on Thursday it had requested for the suspension in the trading of the shares and also the structured warrants from 9am.

AirAsia shares closed unchanged at RM1.83 with 34.28 million shares.

Its shares had run up in recent weeks following the turnaround in its operations for the financial year ended Dec 31, 2015.

In recent days, it had also attracted attention after a news report speculated the major shareholders were mulling plans to take it private.

However, AirAsia said that after making due enquiries with all the company’s directors, it was not aware of the reason for the article.

Over the weekend, it had been reported that Tune Air was planning to privatise AirAsia with China Everbright Bank Co Ltd. 

Since AirAsia was listed in November 2004, rumours of a privatisation have surfaced about five times.

* See also AirAsia set to announce fund raising of up to US$200mil - sources
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