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New Issue Of Securities (Chapter 6 Of Listing Requirements):Fund Raising

BackJan 30, 2015
Type Announcement
Subject NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
FUND RAISING
Description AIRASIA X BERHAD (“AAX” OR THE “COMPANY”)

(I) PROPOSED RIGHTS ISSUE WITH WARRANTS; AND
(II) PROPOSED INCREASE IN THE AUTHORISED SHARE CAPITAL AND PROPOSED AMENDMENT

On behalf of the Board of Directors of AAX, CIMB Investment Bank Berhad wishes to announce that AAX proposes to undertake the following:

(i)         Proposed renounceable rights issue of new ordinary shares of RM0.15 each in AAX ("AAX Shares") together with free detachable warrants to raise gross proceeds of up to RM395.00 million ("Proposed Rights Issue with Warrants"); and

 

(ii)         Proposed increase in the authorised share capital of AAX from RM500.00 million comprising 3,333,333,333 AAX Shares to RM1,000.00 million comprising 6,666,666,667 AAX Shares (“Proposed Increase in the Authorised Share Capital”) and the corresponding proposed amendment to the Company’s memorandum and articles of association as a consequence of the Proposed Increase in the Authorised Share Capital (“Proposed Amendment”).

(collectively referred to as the “Proposals”).

Please refer to the attachment for the full announcement in relation to the Proposals.

This announcement is dated 30 January 2015.

 


Announcement Info

Company Name AIRASIA X BERHAD  
Stock Name AAX    
Date Announced 30 Jan 2015  
Category General Announcement
Reference No MM-150129-62673

Attachments

  1. Announcement_-_Proposed_Rights_Issue_(30.1.2015)_final.pdf (Size: 150,180 bytes)