AirAsia parent plans to raise more than US$1bil in debt, equity

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PUTRAJAYA: The Health Ministry has revoked the notification of five cosmetic products as they were found to contain scheduled poisons and are no longer allowed to be sold in Malaysia.

Capital A, the parent of AirAsia, is planning to raise more than $1 billion in debt and equity, the Financial Times reported on Wednesday.

CEO Tony Fernandes is preparing to list some of the conglomerate's businesses through a blank-cheque company in New York, the FT reported, citing two people familiar with the deal. - Reuters

 

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