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AirAsia X “not aware” of reason for upward movement of share price
March 20th 2023
AirAsia X (AAX) said it did not know the cause of the sharp variation in the trading of its share price on March 17. Read More » Shares in the LCC group rose 19.2% last Friday closing at 1.68 ringgit. Earlier in the day, the share price hit an intra-day high of 1.79 ringgit, prompting Bursa Malaysia to question the trading fluctuation in a written query. In response, AAX said it is working on its previously announced company restructure. “The board is not aware of any possible explanation to account for the trading activity,” AAX said.
