KUALA LUMPUR, Nov 19 — AirAsia Group Bhd, the third most actively traded stock on Bursa Malaysia on Friday, slipped 7.08 per cent after the budget airline announced it had fixed the entitlement date for its renounceable rights issue of redeemable convertible unsecured Islamic debt securities .
In a filing with Bursa Malaysia, AirAsia said it had fixed the exercise price of its warrants at RM1.00, lower than the 20 per cent premium to its 30-day volume-weighted average price up to and including Nov 17, 2021, of RM1.1763 per share.
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