AirAsia to place out 20pc of its shares

From Bloomberg:

AIRASIA Bhd, Southeast Asia’s largest low-cost airline, said it plans a placement of as much as 20 per cent of its issued share capital.

Looks like companies think that Malaysians are in the giving mood. They need financing badly and with the rise in stock prices, why not take advantage of the shareholder's fortunes? Never mind the 40% drop in the share market just half a year ago.