Quick take: AAX jumps 13% on approval for restructuring plan


KUALA LUMPUR: Shares of AirAsia X Bhd (AAX) jumped 13% in early trade Wednesday after its shareholders approved its restructuring plan.

The long-haul low-cost carrier rose 13.33%, or one sen to 8.5 sen. It is one of the most actively traded counters with over 35 million shares traded.

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!

AAX , AirAsia X , restructuring plan

   

Next In Business News

Powering on data centres
Medical insurance premiums on the rise
Kelington to reap the benefits of a diversified business strategy
Rising data centre ability
Making scents of success
Investors brace for 5% Treasury yields
Are there too many GPs and is the healthcare system overwhelmed?
Sapura Energy takes a step to turn the tide
Japan frets over relentless yen slide as BoJ keeps ultra-low rates
Singapore’s growth trajectory remains intact

Others Also Read