PETALING JAYA: AirAsia Group Bhd’s financial health seems less life-threatening now that it has an injection of about RM975mil cash into the company. The airline group will complete its rights issue today, raising RM974. 5mil, to support its overall fundraising strategy. This includes the full subscription for their entitlements by its two largest shareholders Tan Sri Tony Fernandes and Datuk Kamarudin Meranun, which would cost them RM257. 3mil. With the additional cash of RM975mil on top of the
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2021-12-31 00:00:00.0