Kuala Lumpur - Delayed Quote MYR

Capital A Berhad (5099.KL)

1.0500

0.0000

(0.00%)

At close: 4:57 PM GMT+8

Shareholders approve buyout of AirAsia by long-haul associate

AirAsia X shareholders approved the proposed acquisition of Malaysian investment firm Capital A's equity interest in AirAsia units for 6.8 billion Malaysian ringgit ($1.6 billion) on Wednesday, after Capital A shareholders gave the nod on Monday to the deal, company statements said. The merger of AirAsia is intended to create efficiencies and aid a significant expansion of routes and global network reach, AirAsia executives have said. AirAsia operates short-haul routes around Asia with single-aisle aircraft while AirAsia X flies wide-body planes on longer routes including to Australia and Saudi Arabia.

Reuters last month

5238.KL
-1.92%
5099.KL
0.00%
Carrier AirAsia discloses new listing plans under $1.4 billion units merger

As part of the deals, long-haul airline AirAsia X will take over Capital A's aviation business and eventually create a new company thereby taking over the listing status of AirAsia X. Capital A's aviation business comprises airlines AirAsia Bhd and AirAsia Aviation Group.

Reuters 6 months ago

5099.KL
0.00%
5238.KL
-1.92%

Performance Overview

Return	5099.KL	FTSE Bursa Malaysia KLCI
YTD	+27.27%	+9.82%
1-Year	+20.69%	+9.87%
3-Year	+3.96%	+4.94%