AirAsia X not aware of reason behind UMA

KUALA LUMPUR: AirAsia X Bhd (AAX), which was issued an unusual market activity (UMA) query by Bursa Malaysia earlier, is unaware of any reason for the recent sharp rise in its share price and volume.

In a reply to the UMA query, AAX said except for its proposed regularisation plan to holistically restructure its business and financial condition, it is not aware of any other corporate development, rumour or report which may account for the UMA.