AirAsia X Aiming To Raise $123M By Issuing New Shares

AIrAsia X
Credit: Airbus
AirAsia X, the long-haul subsidiary of LCC AirAsia, is looking to raise up to MYR500 million ($123 million) through a rights issue and by offering stock to new investors. However, the proposed fundraising plan will only be carried out after the completion of AirAsia X’s debt restructuring exercise...

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