It has been widely reported that AirAsia X Bhd is planning to raise RM500 million (approx. $137.7million) via a rights issue and a private placement. The proceeds will be use to strengthen the loss-making airline’s balance sheet. A launch is expected for tomorrow if the issuance is approved by the board. The RM 400 million proposed rights issue, source says, will be one new share for every two existing shares, with the proposed RM100million private placement consists of 10% of the enlarged issued and paid-up share capital. AirAsia X will release its fourth quarter results in February where analysts expect

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