Posted by DickyMee > 2021-07-13 13:45 | Report Abuse

AA no choice until need to pay sky high interest 8%?

Pay interest RM 80 million a year, 7 years RM 560 million?

Posted by i3lurker > 2021-07-13 13:47 | Report Abuse

will end up RM0.005 per share and no buyers

thats when the Greek alphabet runs out for Covid and start to use Urdu or something else

Posted by DickyMee > 2021-07-13 13:50 | Report Abuse

Gogogo subsribe and lend money to AA!

Posted by TianChoi1 > 2021-07-13 13:51 | Report Abuse

Please don't talk nonsense here. Pls give us facts and figures. We don't need your opinion. We can make our own .Thank you

Posted by i3lurker > 2021-07-13 13:53 | Report Abuse

signs of desperation are showing already on shareholders when shareholders get more and more hostile

Posted by i3lurker > 2021-07-13 13:56 | Report Abuse

its July con now coz the June con of free Government loan is already over.

Posted by newbie8080 > 2021-07-13 14:01 | Report Abuse

Looks like this time major shareholders will have to play their part.

Tony & Kamarudin, followed by the chinese gambler,Stanley Choi, ASB and Urusharta Jamaah(aka Failed LTAT) represents 42% ownership.

Posted by i3lurker > 2021-07-13 14:08 | Report Abuse

actually you already knew the June Con was Fake News

why would the Govt withdraw RM1 or RM2 Billion from buying vaccines and give the cash to AA?
that means millions of Malaysians will be killed just to help AA?

moving on
lets run the July con first

then will be August con

then will be Sept con

and rinse and repeat forever


with more and more monthly cons to steal money from general public.

Posted by DickyMe > 2021-07-13 14:20 |

Post removed.Why?

Posted by kami82 > 2021-07-13 14:22 | Report Abuse

Why dont AA actively involve in local logistics business?

Or did they tried?

Because seems like local logistics companies are really doing good now.

Posted by kami82 > 2021-07-13 14:24 | Report Abuse

Hopefully this action can really help them.

All the best

AirAsia to raise up to RM1 billion through Proposed Rights Issue
Author: Tan KW Publish date: Tue, 13 Jul 2021, 8:04 AM


Fundraising critical for airline recovery strategy, digital transformation

KUALA LUMPUR, 12 July 2021 - As it readies to take to the skies again and with its digital transformation entering the next phase, including the acquisition of Gojek Thailand’s operations, AirAsia Group Berhad (AAGB) today announces a proposed renounceable rights issue to its existing shareholders, to raise up to RM1 billion as part of the overall Group fundraising strategy.


The Proposed Rights Issue entails the issuance of 7-year Redeemable Convertible Unsecured Islamic Debt Securities (“RCUIDS”) with a nominal value of RM0.75 each, plus free detachable warrants on the basis of 2 RCUIDS with 1 warrant for every 6 AAGB shares held. As a key component of AAGB’s fund-raising initiatives, the Proposed Rights Issue will enable AAGB to raise funds supporting various segments of the Group, including but not limited to, working capital and other operational costs due to the outbreak of the global Covid-19 pandemic, balanced with funding growth of the various airasia digital business units.


CEO of airasia Group Tan Sri Tony Fernandes said: “Fundraising is a critical component of our recovery strategy. The timing is right, as vaccines are being rolled out aggressively in all of our key markets, alongside better education and testing.


“There is light at the end of this long tunnel. The exercise will provide a platform to seek a fresh funding injection from shareholders to maintain liquidity during the downtime in flying and fuel growth of the key non airline digital businesses, ahead of the expected resumption of global air travel, in 3Q2021/1Q2022.


“While the airline will continue to underpin all operations, over the past 18 months, our digital transformation strategy has been gaining strong momentum with significant improvements across all key metrics for our airasia Super App, logistics and e-commerce venture Teleport and our for BigPay fintech business. Last week our Super App was estimated to be valued at over USD 1 billion which is a strong testament to the strategy we have put in place to become much more than just an airline - now a digital lifestyle company anchored on travel.”


The Company confirms it is also well progressed in discussions to secure a number of other fundraising initiatives that will not only ensure a sustainable and viable business for the short haul, but a stronger and more resilient operation for the future.


The Proposed Rights Issue is expected to be completed in the 4th quarter of 2021.





https://newsroom.airasia.com/news/airasia-to-raise-up-to-rm1-billion-through-proposed-rights-issue

Posted by i3lurker > 2021-07-13 14:31 |

Post removed.Why?

Posted by DickyMe > 2021-07-13 14:34 | Report Abuse

It doesn't matter, mask, vaccine or lockdowns are not deterrent to hero Covid.

Posted by DickyMe > 2021-07-13 14:36 |

Post removed.Why?

Posted by WhaleInvestor > 2021-07-13 14:51 | Report Abuse

how to purchase rcuids?

Posted by Maxsuper > 2021-07-13 14:52 | Report Abuse

TF knew for a very long time the 1B is a gone case but still every few months he comes up with statements expecting it to be approved... n all diehards got conned..

Posted by DickyMe > 2021-07-13 14:53 | Report Abuse

Wait for offer document/letter

Posted by DickyMe > 2021-07-13 14:54 | Report Abuse

LOL..not all. We know bangsats will not approve.

Posted by oasischeah > 2021-07-13 14:56 | Report Abuse

Habis lah. Rights issue. Sell now before it gets even much much worse.

Posted by i3lurker > 2021-07-13 14:57 | Report Abuse

nevermind lah

June con is over and case is closed with NCD and NFA.
No one is responsible for June con.
June con responsibility if any is the fault of the many Bilis who spread fake news

now we talk about July con

July con is => RI lah

RI now can con many months hopefully

Posted by Maxsuper > Jul 13, 2021 2:52 PM | Report Abuse

TF knew for a very long time the 1B is a gone case but still every few months he comes up with statements expecting it to be approved... n all diehards got conned..

Posted by Alice7591 > 2021-07-13 15:00 | Report Abuse

Once 0.85 break, then will be free fall, who wants to buy cheap can buy

Posted by DickyMe > 2021-07-13 15:05 | Report Abuse

Cheaper tickets? okay will buy some more..kikikiki

Do what 99.99% does not do,..kikikkii

Posted by PSAi3alert > 2021-07-13 15:15 | Report Abuse

Definitely Tony & Kamarudin does not need to collect cheap tickets since they can issue 15% more for free under LTIP, free ESOS or whatever it's called.


DickyMe Cheaper tickets? okay will buy some more..kikikiki

Do what 99.99% does not do,..kikikkii
13/07/2021 3:05 PM

Posted by Alice7591 > 2021-07-13 15:19 | Report Abuse

Free fall coming

Posted by DickyMe > 2021-07-13 15:21 | Report Abuse

Exhilarating!!!

Posted by whiteasianigga > 2021-07-13 15:28 | Report Abuse

Whos gonna underwrite?

Posted by Alice7591 > 2021-07-13 15:29 | Report Abuse

What will be the bottom price?

Posted by Alice7591 > 2021-07-13 15:30 | Report Abuse

0.81?

Posted by Mar2083 > 2021-07-13 15:30 | Report Abuse

0.80

Posted by PSAi3alert > 2021-07-13 15:32 | Report Abuse

DickyMe,

Hara kiri can be a quick cure for Lesch-Nyhan syndrome


DickyMe Exhilarating!!!
13/07/2021 3:21 PM

Posted by supafly83 > 2021-07-13 15:32 | Report Abuse

So optimistic? Let’s start with 0.75.

Posted by DickyMe > 2021-07-13 15:33 | Report Abuse

Suicide is forbidden.

Posted by Cakes Moon > 2021-07-13 15:35 | Report Abuse

Apa pasal turun banyak hari ini?

Posted by DickyMe > 2021-07-13 15:36 | Report Abuse

Biarlah, hari hari naik, penat lah!

Posted by Alice7591 > 2021-07-13 15:38 | Report Abuse

I grab 0.84

Posted by i3lurker > 2021-07-13 15:38 | Report Abuse

sharks believe the July con will also fail just like June con failed

but thats not important as long as Bilis believe then there is still a con in play.
Bilis can still be conned
Its still a connable con game


Posted by Cakes Moon > Jul 13, 2021 3:35 PM | Report Abuse

Apa pasal turun banyak hari ini?

Posted by PSAi3alert > 2021-07-13 15:45 | Report Abuse

You can do it legally in Switzerland. Not too far from your current location - Holland.

DickyMe Suicide is forbidden.
13/07/2021 3:33 PM

Posted by i3lurker > 2021-07-13 15:45 | Report Abuse

let the con continue forever and ever

Posted by trum > 2021-07-13 15:51 | Report Abuse

Tony thinks people still have money to subscribe to his RI kah? Now mostly people save money to buy food and very essential every day items.

Posted by i3lurker > 2021-07-13 15:52 | Report Abuse

Thats why sharks believe July con will fail

but thats not important coz Bilis believe that other Bilis got money for RI

Posted by trum > Jul 13, 2021 3:51 PM | Report Abuse

Tony thinks people still have money to subscribe to his RI kah? Now mostly people save money to buy food and very essential every day items.

Posted by DickyMee > 2021-07-13 15:57 | Report Abuse

11,079

Posted by PSAi3alert > 2021-07-13 15:58 | Report Abuse

Maybe nasi lemak and mango included in the Kutu. Can you uncle lend money to AA?


trum Tony thinks people still have money to subscribe to his RI kah? Now mostly people save money to buy food and very essential every day items.
13/07/2021 3:51 PM

Posted by eat9797 > 2021-07-13 16:03 | Report Abuse

Hope my q matched. still in long long q.

Posted by DickyMee > 2021-07-13 16:03 | Report Abuse

No_ Sight: Lazy talk so much. Let price talk better.

06/07/2021 12:01 PM

Posted by trum > 2021-07-13 16:08 | Report Abuse

Tony name will change to Tiny.
Tiny must go into land based logistical business... fight with TiongNam, fight with Grab lah. How to fight with MAS who has unlimited donations from Khazanah? Tiny must use his head to think. Tiny mustn’t invest in Digital business... until now AA digital businesses still are lousy business.

Posted by apple168 > 2021-07-13 16:12 |

Post removed.Why?

Posted by kc5305 > 2021-07-13 16:18 | Report Abuse

Today 11079 new cases. How AA want fly. How about new business sell Spanish fly

Posted by trum > 2021-07-13 16:30 | Report Abuse

Tiny forte is in logistics business. Why AA go into online shopping? AA Should Venture into land based logistics business. More logical.

Posted by trum > 2021-07-13 16:33 | Report Abuse

Today AA no mood to go up. When prices down, all people scare will throw to sell... then how to do RI is price dive below 70 sen???

Posted by aiman77 > 2021-07-13 16:34 | Report Abuse

sold,bye tiny