KUALA LUMPUR (Oct 1): Budget airline operator AirAsia Bhd has completed a shareholding reorganisation exercise of AirAsia Japan Co Ltd through its wholly-owned subsidiary, AirAsia Investment Ltd.

In a filing to Bursa Malaysia yesterday, AirAsia said the reorganisation took place as the Japan Civil Aviation Bureau (JCAB) requested one of the shareholders, Octave Japan Infrastructure Fund I GK, to convert its existing voting shares to non-voting shares.

Accordingly, the airline operator said 13% of voting shares have been issued to a new shareholder, FinTech Global Trading Incorporated.

"The reorganisation was to ensure voting interest amongst all shareholders of AirAsia Japan would be streamlined," it said, adding that the reorganisation scheme has been submitted to JCAB.

According to AirAsia, the reorganisation has minimal impact on its economic interest in AirAsia Japan.

Shares in AirAsia were actively traded today. It gained one sen or 0.78% at RM1.29 as at 10.58am after some 29.39 million shares changed hands, making it the second most actively traded counter. It has a market capitalisation of RM3.56 billion.

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