AirAsia may embark on fundraising route


UOB Kay Hian expected a 1-for-1 rights issue priced at about 50 per share or a mixture of rights issue and convertible debt.

PETALING JAYA: AirAsia Group Bhd is considering a rights issue, debt financing and even a private placement to raise more capital until air travel demand picks up.

The group is also actively exploring other potential monetisation opportunities including hiving off part of its digital business as raising cash is vital for its survival.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

AirAsia , fundraising , airline , CGS-CIMB , UOB Kay Hian , equity ,

   

Next In Business News

Trade showing remains on upward trajectory
Maxis pledges full support to government’s 5G delivery model
Fajarbaru Builder secures RM13mil job
MKH Oil Palm IPO oversubscribed
The pros and cons of earned wage access
Making every load lighter
Making the Malaysian startup pitch
How Sin-Kung leveraged air cargo for its success
Domestic office-sector REITs stay cautious
‘Muted optimism’

Others Also Read