AirAsia X announces a smaller rights issue

The one-for-one rights of 414 million shares are priced at 28 sen per share, to raise RM116mil with a similarly priced special issue to raise RM50mil. All approvals have been obtained for the fundraising.

SEPANG: AirAsia X Bhd (AAX) has announced a one-for-one rights issue and a special issue to raise a total of RM166mil.

The long-haul budget carrier had earlier obtained shareholders’ approval for a larger rights issue to raise up to RM300mil and a special issue of RM200mil as part of its restructuring scheme.