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.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 48
Cxense type: NA
User access status: 0
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Next In Business News

CPO futures likely to trade in yo-yo mode next week
Maybe Apple’s weakness isn’t just supply chain woes
Good news for the global economy
BP, Chubu Power to study CCS project at Nagoya
Short Position: Private equity exits, Managing cyber threats, Don’t kick the can down the road
Bonds surge as traders call time on hikes
Central banks continue fight against inflation
Defining market manipulation
Lee Chun Fai redesignated as IJM CEO and MD
Oil set for weekly loss

Others Also Read