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AirAsia Group To Raise Up To $112.84 Million Via Private Placement

The proposed private placement, which will represent about 668.4 million AirAsia Group shares, is expected to raise about 454.5 million ringgit ($112.84 million).

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Malaysian budget carrier AirAsia Group said on Thursday it planned to undertake a private placement of up to 20% of its total issued shares to strengthen its financial position.

The proposed private placement, which will represent about 668.4 million AirAsia Group shares, is expected to raise about 454.5 million ringgit ($112.84 million).

AirAsia said the placement would enhance the Group's financial position with a marginal increase in its net assets.

(Reuters)


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AirAsia Group Malaysian budget