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has concluded its private share placement exercise with the completion of the second tranche on Wednesday where another 100.36 million new shares were issued. The low-cost carrier announced the tranche representing about 3% of its total issued shares at an issue price of 86.5 sen each. It said this follows the initial tranche of 11.07% or 369.85 million shares issued on Feb 19 that saw the emergence of Hong Kong-based investor Dr Stanley Choi Chiu Fai as a substantial shareholder after upgrading his share position to 8.96% from less than 5% previously. “In total, both tranches delivered 470.21 million new shares issued under the private placement exercise, representing 14.07% of AirAsia Group’s total issued shares and raised a total of RM336.46mil, ” it said.

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