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Thursday, April 30, 2015

AirAsia X sets price for rights issue

PETALING JAYA: AirAsia X Bhd (AAX) will raise RM391mil through the issuance of a rights issue priced at 22 sen per rights share.
In a filing with Bursa Malaysia, the airline said the rights shares came at an entitlement basis of three rights shares for every four existing AAX share held as of May 15.
The exercise price of the warrants was fixed at 46 sen for each free detachable warrant at an entitlement basis of one warrant for every two rights shares subscribed.

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