KUALA LUMPUR: Malaysian budget airline AirAsia Group Bhd has won shareholder approval for a rights issue to raise RM1bil (US$240.88 million), it said in a statement on Thursday.
Hit by the coronavirus-driven slump in global travel, the airline in July proposed to raise the funds through a rights issue to weather the financial impact. AirAsia has been looking to raise up to RM2.5bil.
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