, which saw the emergence of Stanley Choi Chiu Fai as its new substantial shareholder, fell at midday.
The budget carrier fell 4.21%, or four sen to 91 sen with 70.8 million shares traded on profit taking.
, its low-cost long-haul affiliate fell 10%, or one sen to nine sen with 111.19 million shares done.
Choi, a well-known poker player from Hong Kong, emerged as a substantial shareholder of AirAsia after he pumped in RM114.46mil to take up the low-cost carrier s private placement.
Choi through his private vehicle Positive Bloom Ltd, acquired 167.1 million, or a 4.17% stake, on Feb 18, raising his shareholding in the airline to 332.5 million shares or an 8.96% stake.
AirAsia Group Bhd surged as much as 13.5 sen or 16.56% to 95 sen this morning, after Hong Kong’s well-known poker player Stanley Choi Chiu Fai emerged as its substantial shareholder.
KUALA LUMPUR: Shares in AirAsia Group Bhd jumped over 13% in active trade this morning following the emergence of Stanley Choi Chiu Fai as a new substantial shareholder in the carrier.
Selling in glove heavyweights drags Bursa lower for second straight day 23 Feb 2021 / 19:01 H.
KUALA
LUMPUR: Bursa Malaysia reversed earlier gains to finish at the day’s low for a second consecutive day as the key index was weighed down by persistent selling in rubber glove heavyweights amid recovery plays following the arrival of the Covid-19 vaccine.
At 5 pm, the benchmark FBM KLCI declined 5.41 points, or 0.34 per cent, to 1,565.05 from 1,570.46 at Monday’s close.
The key index opened 3.21 points firmer at 1,573.67 and moved between 1,565.05 and 1,580.68 throughout the day.
However, market breadth remained positive with gainers marginally leading losers by 603 to 602, while 450 counters were unchanged, 542 untraded and nine others suspended.