AirAsia X, Capital A extend aviation restructuring deadline to July 31
In filings to Bursa Malaysia, the companies noted that due diligence for AirAsia Aviation Group and AirAsia Bhd has been completed.
The proposed restructuring involves AirAsia X acquiring AirAsia Aviation Group for RM3 billion and AirAsia Bhd for RM3.8 billion, alongside a RM1 billion fundraising exercise led by a sovereign wealth fund.
AirAsia X's shares closed 2.33% lower at RM1.68 today, with a market capitalisation of RM751.1 million. Capital A slipped 2.3% to 85 sen, valuing the group at RM3.7 billion. — TMR
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New Straits Times
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The Sun
12 hours ago
- The Sun
Malaysia and Indonesia to open over 10 new border entry points in Kalimantan
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