Indonesia: Rimau gets shareholders’ nod to raise $252m to buy AirAsia unit

AirAsia to launch low-cost carrier in China
An AirAsia baggage handler drops a bag on the tarmac at Kuala Lumpur International Airport in Sepang, Malaysia, June 17, 2015. REUTERS/Olivia Harris

Shareholders of Indonesian transportation firm PT Rimau Multi Putra Pratama Tbk have approved the company’s plans to raise 3.4 trillion rupiah ($251.57 million) through a rights issue to buy PT Indonesia AirAsia.

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