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AirAsia X eyes $275 million in share sale

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KUALA LUMPUR, Malaysia (AP) — Malaysia's long-haul budget carrier AirAsia X said Monday it hopes to raise up to $275 million in the country's biggest share sale this year to repay debts and fund its expansion. The airline in its prospectus said the estimated proceeds were based on an indicative price of 1.45 ringgit (46 cents) per share for 592.6 million new shares in its initial public...

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