AirAsia Group share price falls after announcing rights issue
KUALA LUMPUR (July 13): AirAsia Group Bhd’s share price fell more than 3% in Bursa Malaysia morning trade today after the budget airline announced yesterday its proposed rights issue of redeemable convertible unsecured Islamic debt securities (RCUIDS) to raise up to RM1.02 billion to finance the company’s operations and business expansion.
At 9:02am today, AirAsia Group’s share price fell three sen or 3.39% to 85.5 sen.
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