<div class=newsTextDataWrapInner><p>KUALA LUMPUR (May 28): AirAsia Group Bhd has provided financial assistance to some subsidiaries and associates amounting to around RM48.3 million, it announced on Bursa Malaysia.</p></div>

<div class=newsTextDataWrapInner><p>According to a filing, it had provided US$400,000, or the equivalent of RM1.7 million, in advances to its online financial services subsidiary Big Pay Pte Ltd through its unit AirAsia Digital Sdn Bhd on March 31.</p></div>

<div class=newsTextDataWrapInner><p>Meanwhile, AirAsia also made a series of advances amounting to US$8.1 million (the equivalent of RM33.7 million) to PT Indonesia AirAsia through its unit AirAsia Bhd on Jan 25, Feb 24, and March 8 and 23.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>In addition, AirAsia also advanced a total of US$3.1 million (the equivalent of RM12.9 million) to AirAsia Inc on Feb 24 and March 24.</p></div>

<div class=newsTextDataWrapInner><p>In the filing, the group said the financial assistance does not have a material effect on the earnings per share, net assets per share, and the gearing level of the company and its subsidiaries.</p></div>

<div class=newsTextDataWrapInner><p>At 11.20am, the counter was up one sen or 1.16% to 87 sen, giving it a market capitalisation of RM3.3 billion.</p></div>


KUALA LUMPUR (May 28): AirAsia Group Bhd has provided financial assistance to some subsidiaries and associates amounting to around RM48.3 million, it announced on Bursa Malaysia.

According to a filing, it had provided US$400,000, or the equivalent of RM1.7 million, in advances to its on...

AirAsia gives RM48m financial help to subsidiaries, associates

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