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1 month ago | Report Abuse
Holding 49% cannot pass through the approval.
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1 month ago | Report Abuse
Most likely AAX shares will be revalued to decide how many % it will hold in the newly form Company. ( subject to shareholders' approval).
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1 month ago | Report Abuse
51% of the shareholders would not approved if it is disadvantage to them,
eg. Thai AirAsia X holds 51%.
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Stock: [AAX]: AIRASIA X BERHAD
1 month ago | Report Abuse
https://www.nationthailand.com/blogs/business/corporate/40036072