AirAsia embarks on private placement to raise up to RM455mil

In its filing with Bursa Malaysia, the budget carrier said the proposed exercise would entail an issuance of up to 668,394,816 of the company’s shares, representing up to 20% of the group’s total number of issued shares.

PETALING JAYA: AirAsia Group Bhd has proposed to undertake a private placement exercise to raise up to RM454.5mil to finance its working capital, among others.

In its filing with Bursa Malaysia, the budget carrier said the proposed exercise would entail an issuance of up to 668,394,816 of the company’s shares, representing up to 20% of the group’s total number of issued shares.