From:ChinaDaily | 2021-04-01 09:25
AirAsia has metamorphosed from a Malaysian budget carrier into an all-in-one online travel agency providing flight tickets, hotel bookings, admission tickets, food delivery services, e-commerce and financial services not only in Malaysia but also globally, including in China.
It plans to launch more related services in China in the near future.
AirAsia s transformation is accompanied by changes in its shareholding pattern.
Stanley Choi, chairman of Hong Kong-based Head & Shoulders Financial Group and the only Chinese shareholder of AirAsia, increased his stake in February to 8.96 percent, which made him a major shareholder.
Choi said: AirAsia is doing well in its digital transformation, and very few carriers have done the same. Increasing investments in China is quite important for AirAsia. I would like to contribute my efforts as a shareholder and keep an open mind for potential cooperation between AirAsia and Chinese companies.
AirAsia flies into various services in Chinese market
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AirAsia flies into various services in Chinese market
chinadaily.com.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chinadaily.com.cn Daily Mail and Mail on Sunday newspapers.
By Cirium2021-02-26T01:54:00+00:00
AirAsia Group has disclosed that existing shareholder Stanley Choi Chiu Fai is now a substantial shareholder, having acquired a chunk of new shares offered in the first tranche of the company’s private placement.
The group announced in January that it was looking to raise about MYR455 million for short-term cash needs, via a private placement of over 668 million new shares. In February, it priced the first tranche of nearly 370 million shares at MYR0.675 ($0.17) per placement share.
Source: Greg Waldron/FlightGlobal
An AirAsia A320 at Langkawi in March 2019
Via his wholly owned entity Positive Boom, the Hong Kong-based Choi holds 332.5 million shares after acquiring 167.1 million new shares, taking his shareholdings to 8.96% on 18 February, the low-cost airline group said in a statement today.