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1 comment(s). Last comment by lwalk 2013-06-10 11:53
Posted by lwalk > 2013-06-10 11:53 | Report Abuse
KUALA LUMPUR: AirAsia X Bhd's initial public offer (IPO) of up to 790.12 million shares, which includes the issuance of new shares, will see its market capitalisation increase to RM1.145b at the indicative retail price of RM1.45 a share.
In its summary prospectus issued on Monday, AirAsia X said the enlarged paid-up would be 790.12 million shares comprising an offer for sale of up to 197.53 million existing shares and a public issue of 592.59 million new shares.
AirAsia X said the total floatation exercise would include the sale of 197.53 million existing shares and 592.59 million new shares. The institutional offering would involve 538.01 million shares while the retail offering would be 252.11 million shares.
The listing exercise would enable AirAsia X to raise RM859.259 million from sale of 592.59 million new shares at an indicative retail price of RM1.45 a share.
Of the gross proceeds of RM859.259mil, it said RM280mil would be used a capital expenditure, another RM285.81mil for repayment of bank borrowings while RM255.45mil would be used as general working capital and the remaining RM38mil for listing expenses.
For the first quarter ended March 31, 2013, it recorded revenue of RM535.27mil while for the financial year ended Dec 31, 2012, its revenue was RM1.283bil.
For the first quarter ended March 31, 2013, it reported net profit of RM50.19mil while for the financial year ended Dec 31, 2012, it reported earnings of RM33.85mil.
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CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Posted by lwalk > 2013-06-10 11:52 | Report Abuse
Who's buying in???