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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 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. ....

Kuala Lumpur , Kam Meng , Ummar Fitri , Airasia Group Bhd , Amanah Investment Bank Bhd , Ta Securities Holdings Bhd , Airasia Group , Bursa Malaysia , Asia Group , Holdings Bhd , Tan Kam Meng , Investment Bank Bhd , குவாலா லம்பூர் , கம் மெங் , அமனா முதலீடு வங்கி ப்ட் , தா பத்திரங்கள் ஹோல்டிங்ஸ் ப்ட் , ஆசியா குழு , ஹோல்டிங்ஸ் ப்ட் , பழுப்பு கம் மெங் , முதலீடு வங்கி ப்ட் ,

NovelPlus makes strong debut on LEAP Market


NovelPlus CEO, Crystal Lai, said the group is now in a better position to focus on new business expansion and pursue growth opportunities. NovelPlus is an online social reading and writing platform developer and operator.
KUALA LUMPUR: NovelPlus Technology Bhd, an online social reading and writing platform developer and operator, made a strong debut on the LEAP Market on Thursday.
It opened at 25 sen, or 10 sen above its offer price of 15 sen.
At 9.38am, it was trading at 28 sen, up 13 sen. There were 55, 200 shares done at prices ranging from 23 sen to 28 sen.
According to its press statement, the group has an e-book library comprising over 37, 000 published novels in Bahasa Melayu and Bahasa Indonesia with an ecosystem comprising over 2.1 million users, of which about 10, 000 are registered as writers and the rest are readers. ....

Kuala Lumpur , Bahasa Melayu , Novelplus Technology Bhd , Ta Securities Holdings Bhd , Bahasa Indonesia , Crystal Lai , Southeast Asia , Holdings Bhd , குவாலா லம்பூர் , பஹாசா மேலயு , தா பத்திரங்கள் ஹோல்டிங்ஸ் ப்ட் , பஹாசா இந்தோனேசியா , படிக லாய் , தென்கிழக்கு ஆசியா , ஹோல்டிங்ஸ் ப்ட் ,