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Direct News Source AirAsia Group Berhad welcomes businessman and M&A specialist Dr Stanley Choi as substantial shareholder AirAsia Group Berhad is pleased to announce that Dr Stanley Choi Chiu Fai has joined the Group as a substantial shareholder via his wholly-owned entity Positive Boom Ltd on 18 February 2021. He acquired 167.1 million AirAsia shares in the first tranche of the private placement, raising his shareholding in the group to 332.5 million shares equating to a 8.96% stake. Dr Stanley Choi is the Chairman of Head & Shoulders Financial Group, as well as the Chairman and Executive Director of International Entertainment Corporation (IEC), a company listed on the main board of Hong Kong Stock Exchange (1009.HK). He is also the only co-founding member from Hong Kong for YunFeng Capital - a private equity fund started in 2010 by a group of successful entrepreneurs and influential industry leaders, named after its co-founder Jack Ma Yun, founder of Alibaba Group, ....
KUALA LUMPUR: AirAsia Group expects businessman and M&A specialist Stanley Choi Chiu Fai, who joined the low-cost carrier group as a strategic shareholder to add value to its digital business development in China. ....
Reports Monitor has recently added a new report to its vast depository titled Global Insurance Technology InsurTech Key Market. The report studies vital factors about the Global Insurance Technology InsurTech Key Market that are essential to be understood by existing as well as new market players. The report highlights the essential elements such as market share, profitability, production, sales, manufacturing, advertising, technological advancements, key market players, regional segmentation, and many more crucial aspects related to the Global Insurance Technology InsurTech Key Market. A holistic study of the market is made by considering a variety of factors, from demographics conditions and business cycles in a particular country to market-specific microeconomic impacts. The study found the shift in market paradigms in terms of regional competitive advantage and the competitive landscape of major players. ....
ZA Tech has announced a joint venture with BCP in a bid to launch access to its InsurTech capabilities and applications to insurance companies in Indonesia. ....
Hong Kong online banks to spread wings, offering business loans and wealth management Toggle share menu Advertisement The Hong Kong skyline is seen from The Peak. (Photo: Reuters/Bobby Yip) 23 Dec 2020 07:17PM (Updated: 23 Dec 2020 07:20PM) Share this content Bookmark HONG KONG: Hong Kong s new online-only banks plan to venture into business lending and wealth management, seeking more lucrative avenues beyond basic savings accounts and transfer services, senior executives said. Eight such banks started this year, and as of November had taken more than US$1 billion in deposits and attracted nearly 300,000 customers. Advertisement Advertisement Whether these banks can take a significant share from Hong Kong stalwarts such as HSBC and Standard Chartered and become profitable is being closely watched in other Asian markets, where regulators are also encouraging new challengers. ....