News
AirAsia X shareholders approve corporate restructure
June 2nd 2021
AirAsia X (AAX) shareholders voted in favour of the LCC’s corporate restructuring at a June 1 extraordinary general meeting. Read More » Resolutions were passed to reduce the company's issued share capital by 99.9%, consolidate every 10 existing AAX shares to one AAX share, raise up to 300 million ringgit (US$72.7 million) through a renounceable rights issue and attract up to 200 million ringgit via a share subscription. A resolution that proposed the issuance and allotment of new AAX shares into a special purpose vehicle (SPV) company also was passed. The percentage of voted shares in favour of the restructuring exceeded 99% for all resolutions.
