KUALA LUMPUR: Shares in AirAsia X Bhd
(AAX) fell 9% in early trade Tuesday after it announced its RMRM500mil rights offer to existing shareholders and a share subscription for new investors.
The long-haul budget carrier shed 9.52%, or one sen to 9.5 sen with over 79 million shares done. Year-to-date, the counter has fallen some 41%.
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