Asia/Pacific

Capital A shareholders to receive 1.69bn AirAsia X shares as restructuring reaches final phase

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Capital A shareholders to receive 1.69bn AirAsia X shares as restructuring reaches final phase

Capital A Berhad shareholders will receive 1.69bn in new shares in AirAsia X (AAX) as part of its restructuring plan, with the company divesting its aviation business to AirAsiaX Berhad — creating a unified single airline entity.“This move is part of the final procedures for the disposal of its ...

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