Jan 21 (Reuters) – Malaysian funds provider AirAsia Group AIRA.KL mentioned on Thursday it deliberate to undertake a non-public placement of as much as 20% of its complete issued shares to strengthen its monetary place.
The proposed personal placement, which can signify about 668.Four million AirAsia Group shares, is predicted to boost about 454.5 million ringgit ($112.84 million).
AirAsia mentioned the position would improve the Group’s monetary place with a marginal improve in its internet property.
($1 = 4.0280 ringgit)
(Reporting by Nikhil Subba in Bengaluru)
((Nikhil.Subba@thomsonreuters.com; Reuters Messaging: Nikhil.Subba.thomsonreuters.com@reuters.internet))
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