BETWEEN Feb 22 and 26, notable shareholding changes at companies listed on Bursa Malaysia included those at
AirAsia Group Bhd, where Hong Kong-based investor Dr Stanley Choi emerged as a substantial shareholder.
Choi, an expert in mergers and acquisitions and one of the founders of private equity fund Yunfeng Capital, subscribed for 167.1 million AirAsia shares or 4.5% of the group’s share base on Feb 18. This increased his stake in the airline to 8.96%.
Choi’s subscription was part of a private placement exercise that AirAsia has embarked on to raise RM454.5 million through the issuance of 668.39 million new shares. The sum indicates a price of 68 sen per share.