News
AirAsia parent declares US$112.2 million capital raising to pass go
February 4th 2021
AirAsia Group Berhad, in a regulatory filing to the Bursa Malaysia yesterday, said it had received approval for RHB Investment Bank to conduct a capital raising through the issue of up to 668,394,816 new shares, representing up to 20% of existing shares on issue, via a private placement. Read More » The initiative was expected to raise gross proceeds of 454.51 million ringgit ((US$112.2 million). Previously, the company had said the proposed private placement was an "interim measure to address the immediate cash flow requirements of the group" while the company continued to explore other available options to improve its financial performance in the longer term.
