AirAsia X intends to revise its proposed reduction of 90% of the issued share capital of AirAsia X to 99.9% of the issued share capital. This comprises a reduction of the issued share capital of approximately RM1,532.51 million to RM1.53 million. The credit arising from the proposed share capital reduction will be used to offset part of the accumulated losses. The proposed share consolidation which shall be undertaken following the proposed share capital reduction is unchanged, which will consolidate every 10 existing AirAsia X shares into one AirAsia X share. Shareholder funds after the capital reduction remains negative but the
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