AirAsia X gets nod for capital-raising exercise

In a filing with Bursa Malaysia, the medium-haul airline said about 99.9% of shareholders who voted has approved the proposed renounceable rights issue to raise gross proceeds of up to RM300mil

PETALING JAYA: AirAsia X Bhd’s (AAX) shareholders have given the greenlight for the budget carrier to raise up to RM500mil via a rights issue exercise and the issuance of shares to new investors.

Yesterday, all five resolutions tabled at AAX’s EGM have been passed by the shareholders, with over 99.8% overwhelming approval for each resolution.