AirAsia to raise RM250mil via private placement
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Low-cost airline, AirAsia Group Bhd is expected to raise approximately RM250mil through the first tranche of its private placement involving 369.85 million shares valued at 67.5 sen each.
The issue price, which was fixed yesterday, represented a discount of 9.82% to the company’s five-day volume-weighted average price of 74.85 sen up to Feb 9.
“The actual number of placement shares to be placed out under the first tranche will depend on the final acceptance by the identified places.
“Any placement share not placed out under the first tranche will be included in the subsequent tranches, ” said RHB Investment Bank Bhd in a filing to Bursa Malaysia on behalf of AirAsia.
Questions & Answers
Q.How much money does AirAsia Group Bhd expect to raise from the initial private placement?
How much money does AirAsia Group Bhd expect to raise from the initial private placement?
AirAsia Group Bhd is expected to raise approximately RM250mil through the first tranche of its private placement. This involves 369.85 million shares, each valued at 67.5 sen.
Q.What discount was applied to the issue price for the private placement shares?
What discount was applied to the issue price for the private placement shares?
The issue price of 67.5 sen represented a discount of 9.82%. This was compared to the company’s five-day volume-weighted average price of 74.85 sen up to Feb 9.