Jan 21 (Reuters) - Airasia Group Bhd AIRA.KL :
* PROPOSES TO UNDERTAKE PRIVATE PLACEMENT OF UP TO 20% OF
TOTAL
NUMBER OF ISSUED SHARES OF CO
* PROPOSED PRIVATE PLACEMENT ENTAILS ISSUANCE OF UP TO 668.4
MILLION AIRASIA GROUP SHARES
* PROPOSED PRIVATE PLACEMENT WHICH IS EXPECTED TO RAISE
GROSS
PROCEEDS OF UP TO 454.51 MILLION RGT
* PROPOSED PRIVATE PLACEMENT WILL ENHANCE GROUP'S FINANCIAL
POSITION WITH MARGINAL INCREASE IN NET ASSETS, IMPROVEMENT IN
GEARING OF GROUP
Source text for Eikon: ID:nKLS1PCd1b
Further company coverage: AIRA.KL