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.
Already a subscriber? Log in.
Get 30% off with our ads free Premium Plan!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
