PETALING JAYA: AirAsia Bhd’s (AAB) shareholders have approved the budget carrier’s reorganisation that will see a holding company, AirAsia Group Bhd (AAG), assuming the listing status of AirAsia.
Group CEO Tan Sri Tony Fernandes tweeted that: “Yeah baby. Big day for me and @AirAsia 99.9999 percent of shareholders approve the formation of AirAsia Group Bhd. What I have been hoping for a while. Gives me big drive.”
AirAsia had called for an extraordinary general meeting (EGM) today, to secure shareholders’ approval for its internal reorganisation plan.
AAB has proposed to implement an internal reorganisation by way of a members’ scheme of arrangement, which will see newly incorporated investment holding company, AAG assume the main market listing status of AAB.
The plan involved the exchange 3.34 billion ordinary shares in AAB, with new ordinary shares in AAG, on the basis of one new AAG share for one existing AAB share.
Start your ads-free experience now!
