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AirAsia X shares for malaysians oversubscribed

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AirAsia X shares for malaysians oversubscribed Empty AirAsia X shares for malaysians oversubscribed

Post by Cals Tue 25 Jun 2013, 01:27

AirAsia X shares for malaysians oversubscribed
Business & Markets 2013
Written by Bernama   
Monday, 24 June 2013 18:54

KUALA LUMPUR (June 24):AirAsia X Bhd's initial public offering (IPO) for the Malaysian public, which involves 150 million new shares in the company, has been oversubscribed.

Balloting of successful applications was conducted today.

Malaysian Issuing House Sdn Bhd said the institutional offering to Malaysian and foreign institutional investors and selected investors, including Bumiputera institutional and selected investors approved by the Ministry of International Trade and Industry, had closed.

In a statement today, the firm said the institutional price has been fixed at RM1.25 per share on June 21.

Accordingly, the final retail price is fixed at RM1.25 per share and a refund of the difference of RM0.20 per share will be dispatched to successful retail applicants within 10 market days from today.

AirAsia X, a long-haul affiliate of low-cost carrier AIRASIA BHD [], is enroute for a Main Board listing on Bursa Malaysia Securities on July 10, 2013. -- BERNAMA
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