OTC Markets EXMKT - Delayed Quote USD

Capital A Berhad (AIABF)

0.1800

0.0000

(0.00%)

At close: January 31 at 3:00:00 PM EST

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 3 months ago

5238.KL

5099.KL
+1.65%
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 9 months ago

5099.KL
+1.65%
5238.KL

Performance Overview

Return	AIABF	FTSE Bursa Malaysia KLCI
YTD	-10.00%	-4.93%
1-Year	+50.00%	+2.92%
3-Year	+5.88%	+2.43%