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AirAsia Group raises $82m from TPG execs, Aimia, others in private share placement Visual from the company website March 17, 2021 AirAsia Group Bhd has raised $82 million from TPG Capital executives, Aimia Inc., and others through a private share placement, the Malaysian budget airline said on Wednesday as it looks to ensure liquidity in 2021. The airline raised 336.46 million ringgit ($81.70 million) over two tranches by issuing 470.21 million new shares, representing 14.07% of the group’s total issued shares. The airline said investment firm TPG Capital’s founder and chairman David Bonderman and TPG Asia partners, including Tim Dattels, Ganen Sarbananthan and Zubin Irani, have invested in their personal capacity. ....
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. ....
By Reuters Staff (Adds details on airline’s fundraise plan) KUALA LUMPUR, March 17 (Reuters) - AirAsia Group Bhd has raised $82 million from TPG Capital executives, Aimia Inc and others through a private share placement, the Malaysian budget airline said on Wednesday as it looks to ensure liquidity in 2021. The airline raised 336.46 million ringgit ($81.70 million) over two tranches by issuing 470.21 million new shares, representing 14.07% of the group’s total issued shares. The airline said investment firm TPG Capital’s founder and chairman David Bonderman and TPG Asia Partners, including Tim Dattels, Ganen Sarbananthan and Zubin Irani, have invested in their personal capacity. ....
Message : Required fields KUALA LUMPUR (Reuters) - AirAsia Group Bhd has raised $82 million from TPG Capital executives, Aimia Inc and others through a private share placement, the Malaysian budget airline said on Wednesday as it looks to ensure liquidity in 2021. The airline raised 336.46 million ringgit ($81.70 million) over two tranches by issuing 470.21 million new shares, representing 14.07% of the group s total issued shares. The airline said investment firm TPG Capital s founder and chairman David Bonderman and TPG Asia Partners, including Tim Dattels, Ganen Sarbananthan and Zubin Irani, have invested in their personal capacity. Hong Kong businessman Stanley Choi, chairman at Head & Shoulders Financial Group and executive director at International Entertainment Corporation, also participated. ....
AirAsia Group Berhad (via Public) / AirAsia's successful private share placement reflects company's strong fundamentals, digital potential publicnow.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from publicnow.com Daily Mail and Mail on Sunday newspapers.