AirAsia X announces a smaller rights issue


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.

Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


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!
   

Next In Business News

F&N ends FY24 with higher net profit of RM542.77mil
Bursa Malaysia reverses early losses to end higher ahead of MPC outcome
Proton October sales up 13.6%, YTD hits 125,557 units
TCS secures RM86.38mil construction contract from Sime Darby Property
Oil trades in tight range ahead of US election
China shares jump, dollar skittish with all eyes on US Election Day
Bank Negara unveils key principles to harness Islamic finance for economic growth
Aneka Jaringan unit secures RM39mil contract for KL project
Xin Hwa says transport unit's vehicle operator licence suspended
T7 Global unit bags ExxonMobil contract

Others Also Read