News


BackMay 10, 2021
Subject CIRCULAR TO SHAREHOLDERS IN RELATION TO THE FOLLOWING:- (I) PROPOSED CORPORATE RESTRUCTURING COMPRISING:- (A) PROPOSED REDUCTION OF 99.9% OF THE ISSUED SHARE CAPITAL OF AIRASIA X BERHAD ("AAX" OR THE "COMPANY") PURSUANT TO SECTION 116 OF THE COMPANIES ACT, 2016 ("PROPOSED SHARE CAPITAL REDUCTION"); AND (B) PROPOSED CONSOLIDATION OF EVERY 10 EXISTING ORDINARY SHARES IN AAX ("AAX SHARES" OR "SHARES") INTO 1 AAX SHARE ("PROPOSED SHARE CONSOLIDATION"); (II) PROPOSED FUNDRAISING COMPRISING:- (A) PROPOSED RENOUNCEABLE RIGHTS ISSUE OF NEW AAX SHARES TO RAISE GROSS PROCEEDS OF UP TO RM300.0 MILLION ("PROPOSED RIGHTS ISSUE"); AND (B) PROPOSED ISSUANCE AND ALLOTMENT OF NEW AAX SHARES TO RAISE GROSS PROCEEDS OF UP TO RM200.0 MILLION ("PROPOSED SHARE SUBSCRIPTION"); (III) PROPOSED GRANTING OF THE SUBSCRIPTION OPTION TO THE SPV. IN CONJUNCTION WITH THE PROPOSED DEBT RESTRUCTURING PURSUANT TO SECTION 366 OF THE COMPANIES ACT, 2016

 

Please refer attachment below.

 

Announcement Info

Company Name AIRASIA X BERHAD
Stock Name AAX
Date Announced 10 May 2021
Category Document Submission
Reference Number DCS-10052021-00013

Attachments

  1. AAX_-_Circular_dated_10_May_2021.pdf (Size: 1,753,745 bytes)