Bursa securities approves AirAsia X's fund raising exercise

KUALA LUMPUR: AirAsia X Bhd (AAX) has received Bursa Securities approval for the listing and quotation of 32.26 million new shares to be issued under its proposed placement on the Main Market of Bursa Malaysia.

The long-haul low-cost airline said it needed to fully comply with the relevant provisions under the listing requirements pertaining to the implementation of the proposed RM50 million fundraising, which is part of its PN17 regularisation plan.