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AirAsia receives time extension for private placement share
July 27th 2021
AirAsia Group Berhad said the Bursa Malaysia had approved its request for an extension of time to complete a private placement of shares. Read More » The RHB Investment Bank was granted the reprieve, to December 31, this year to implement the share deal on behalf of the airline group. The request for more time was made on July 19. In January, AirAsia announced plans to raise up to 454.51 million ringgit (US$107.6 million) in fresh funding with the issue of up to 668.39 million new shares. It represented about 20% of its share capital at the time. To date, through two tranches, AirAsia has raised 336.5 million ringgit from the placement of about 470.3 million shares.
