Sunday, 12 May 2013

42.66 million AirAsia RCPS converted

PETALING JAYA: AirAsia Bhd has converted 42.66 million redeemable convertible preference shares (RCPS) in AirAsia X Bhd (AAX) into 42.66 million new shares.

In a filing with Bursa Malaysia, the low-cost carrier said the conversion was on a one-to-one basis.

To recap, AAX was incorporated in Malaysia on May 19, 2006 with a paid-up capital of RM266.66mil comprising 224 million ordinary shares and 42.66 million RCPS prior to the conversion.

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