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TORONTO Aimia Inc. has signed a deal worth up to $517 million to sell its 48.9 per cent equity stake in PLM, the owner and operator of Mexican loyalty ....
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. ....