Asia/Pacific

Capital A shareholders approve up to $1.4 billion capital reduction

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Capital A shareholders approve up to $1.4 billion capital reduction

Shareholders of Malaysia’s Capital A, which owns AirAsia, have approved a capital reduction plan of up to 6bn Malaysian ringgits ($1.4bn), as the company aims to ditch its “financially distressed” status.The company said that this vote represents a critical milestone in its proposed regularisa...

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