AirAsia completes RM974.5mil rights issue

KUALA LUMPUR: AirAsia Group Bhd is expected to complete its renounceable rights issue to its existing shareholders upon the listing of the redeemable convertible unsecured Islamic debt securities (RCUIDS) and warrants on Dec 31.

The exercise raised RM 974.5mil and provided a strong injection to support the overall group fundraising strategy, AirAsia said in a statement.

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AirAsia , Tony Fernandes , Rights Issue , RCUIDS , fundraising

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