By Ying Xian Wong Genting Bhd. is expected to report results for fourth-quarter and full-year results on Friday. Here's what you need to know: NET PROFIT.
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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 10:04am today, AirAsia Group’s share price pared gains at 86 sen after falling as much as three sen or 3.39% to 85.5 sen.
Yesterday, AirAsia Group said in a Bursa filing that the company proposed to undertake the renounceable rights issue of up to RM1.02 billion in nominal value of seven-year RCUIDS with a nominal value of 75 sen each on the basis of two RCUIDS with one free detachable warrant for every six AirAsia Group shares held.