AAX said the clearance brings the company closer to completing the acquisition of AirAsia Aviation Group Ltd and AirAsia Bhd to form a new aviation group.
PETALING JAYA: AirAsia X Bhd
(AAX) has obtained clearance from Bursa Malaysia for the approval of its EGM circular, detailing its proposed acquisition of Capital A Bhd’s aviation business.
In a statement, AAX said this brings the company closer to completing the acquisition of AirAsia Aviation Group Ltd and AirAsia Bhd to form a new aviation group.
“Following this approval, AAX will convene an EGM in approximately three weeks’ time from the date of despatch of EGM circular, at a date to be announced soon, where shareholders’ approval will be sought for the proposed acquisition.”
AAX said Bursa Malaysia’s clearance of the circular and related share listings represents a pivotal step towards the completion of this transformative acquisition.
