KUALA LUMPUR, Jan 13 (Bernama) — AirAsia X Bhd (AAX) has absolutely secured its RM1 billion personal placement at RM 1.65 per share.
The position was absolutely subscribed by a broad mixture of institutional and personal traders as the corporate enters the ultimate stage of its aviation restructuring.
“The completion of this placement represents a key step in the direction of the formation of the enlarged AirAsia group,” mentioned AAX in a press release right now.
The price range long-haul airline mentioned the transaction is scheduled to be accomplished on Jan 19, 2026, with the brand new shares to be listed on the Essential Market of Bursa Malaysia on the identical day.
“Because the consolidation nears its focused completion on Jan 19, the group’s focus stays on scaling with self-discipline, making certain the enterprise is nicely positioned to function reliably, reply to demand and proceed providing accessible air journey, whereas creating sustainable worth for shareholders,” it mentioned.
On April 25, 2024, AAX introduced its plans to amass AirAsia Aviation Group and AirAsia Bhd for a mixed RM6.8 billion, alongside a proposed RM1 billion personal placement.
In the meantime, the group is exploring the event of a strategic hub in Bahrain and finalising extra plane orders to optimise fleet planning, cut back unit prices, enhance masses, attain new markets, and improve margin efficiency.
— BERNAMA
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