KUALA LUMPUR: AIRASIA BHD [] and MALAYSIAN AIRLINE SYSTEM BHD [] (MAS) have each appointed their own independent advisers to advise the non-interested directors and the non-interested shareholders of each airline on the proposed warrants exchange.
AirAsia said on Thursday, Oct 20 that Maybank Investment Bank Bhd was appointed the the independent adviser for the low-cost carrier's non-interested shareholders.
As for MAS, the board of directors had appointed AmInvestment Bank Bhd as the independent adviser to advise the non-interested shareholders of MAS.
To recap, on Aug 9, Tune Air will hold 20.5 of MAS and Khazanah Nasional Bhd will hold 10% of AirAsia under a share swap.
Khazanah has also proposed to acquire 10% of AirAsia X, with the value based on the latest closing price.
MAS and AirAsia are to issue free warrants to each others' shareholders.
Under the exercise, MAS shareholders will get one AirAsia warrant for every 30 while an AirAsia shareholder gets one MAS warrant for every 10 AirAsia shares held.
AirAsia said on Thursday, Oct 20 that Maybank Investment Bank Bhd was appointed the the independent adviser for the low-cost carrier's non-interested shareholders.
As for MAS, the board of directors had appointed AmInvestment Bank Bhd as the independent adviser to advise the non-interested shareholders of MAS.
To recap, on Aug 9, Tune Air will hold 20.5 of MAS and Khazanah Nasional Bhd will hold 10% of AirAsia under a share swap.
Khazanah has also proposed to acquire 10% of AirAsia X, with the value based on the latest closing price.
MAS and AirAsia are to issue free warrants to each others' shareholders.
Under the exercise, MAS shareholders will get one AirAsia warrant for every 30 while an AirAsia shareholder gets one MAS warrant for every 10 AirAsia shares held.
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