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AirAsia completes private share placement


KUALA LUMPUR (March 17): AirAsia Group Bhd has completed its private share placement exercise, with the culmination of the second tranche today that resulted in an additional 100.37 million new shares issued, representing approximately 3% of the low-cost carrier s total issued shares at an issue price of 86.5 sen each.
In a statement this morning, the carrier said this follows the initial tranche of 11.07% or 369.85 million shares issued at 67.5 sen on Feb 19 that saw the emergence of Hong Kong-based investor Dr Stanley Choi Chiu Fai as a substantial shareholder after upping his share position to 8.96% from less than 5% previously.
AirAsia said in total, both tranches delivered 470.21 million new shares issued under the private placement exercise, representing 14.07% of its issued shares and raising a total of RM336.46 million. ....

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Exclusive - Choi aims to ace it with AirAsia


PETALING JAYA: Stanley Choi’s increased stake in low-cost carrier AirAsia Group Bhd
is no ordinary bet but one where he has factored in calculated risks just like he would in any of his poker games.
The professional poker player and investor from Hong Kong started looking at the aviation industry when it bottomed out between June and July last year and just as how Covid-19 was an unprecedented pandemic, Choi viewed it as an investment opportunity of a lifetime.
And as he hunted for companies to invest in, he realised that AirAsia appealed to him the most in terms of its fundamentals and management style. ....

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