AirAsia Group seeks more time for private placement

AirAsia Group Bhd is seeking an extension until Dec 31 this year to undertake a private placement.

KUALA LUMPUR: Low-cost carrier AirAsia Group Bhd is seeking an extension until Dec 31 this year to undertake a private placement involving up to 668.39 million shares.

In a statement to Bursa Malaysia on Wednesday, it said it had submitted the application for an extension of time from Aug 2 to implement the corporate exercise.