Friday November 2, 2012 MYT 2:40:02 PM
AirAsia X to offer for sale 790.12m shares under IPO (Update)
By Joseph Chin
KUALA LUMPUR: AirAsia X Bhd, which is seeking a listing on Bursa Malaysia, is offering for sale 709.12 million shares, comprising of 592.59 million new shares and 197.53 million existing shares.
The institutional offering of up to 685.679 million IPO shares, is 28.9% of the enlarged issued and paid-up share capital of the company.
According to the draft prospectus on the Securities Commission website, the 685.679 million IPO shares comprise of up to 197.530 million offer shares and 227.407 million issue shares to Malaysian institutional and selected investors and foreign institutional and selected investors at the institutional price.
Another 260.740 million issue shares would be offered to Bumiputera institutional and selected investors at the institutional price.
The retail offering would comprise of 104.444 million shares, or 4.4% of the enlarged issued and paid-up share capital, at the retail price.
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