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2024-03-07 09:56 | Report Abuse
Holding 49% cannot pass through the approval.
2024-03-07 09:52 | 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).
2024-03-07 09:47 | Report Abuse
51% of the shareholders would not approved if it is disadvantage to them,
eg. Thai AirAsia X holds 51%.
Stock: [AAX]: AIRASIA X BERHAD
2024-03-07 12:00 | Report Abuse
https://www.nationthailand.com/blogs/business/corporate/40036072