AAX gets Bursa clearance for EGM circular


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.

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