KUALA LUMPUR, Dec 29 — AirAsia Group Bhd will complete its renounceable rights issue to its existing shareholders upon listing of the Redeemable Convertible Unsecured Islamic Debt Securities and Warrants on Friday.
AirAsia Group chief executive officer Tony Fernandes said the Rights Issue announced today is a key component of the company’s overall fundraising strategy, supporting a strong rebound in air travel across Asean in 2022. “It also shows continued strong investor confidence in our overall recovery strategy, including the digital transformation which has already received overwhelming support to-date through various fundraising initiatives,” he said in a statement today.
“Importantly, with today’s announcement, our fundraising strategy remains firmly on track. We have now achieved over RM2.5 billion through fundraising, providing strong liquidity to ramp up operations through next year when we expect to be sustainable and drive shareholder value once again.
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