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M&A specialist raises stake in AirAsia Group

SEPANG, 1 March 2021: AirAsia Group confirmed last Friday Dr
Stanley Choi Chiu Fai joined the group as a substantial shareholder via his
wholly-owned Positive Boom Ltd.
He has 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 representing an 8.96% stake.
Choi is the chairman of Head & Shoulders Financial Group
and the chairman and executive director of International Entertainment
Corporation (IEC), a company listed on the main board of Hong Kong Stock
Exchange (1009.HK).
His previous directorships include his appointment as
executive director of Target Insurance (Holdings) Limited (stock code: 6161.HK) ....

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HK businessman becomes substantial shareholder of AirAsia Group

By Cirium2021-02-26T01:54:00+00:00
AirAsia Group has disclosed that existing shareholder Stanley Choi Chiu Fai is now a substantial shareholder, having acquired a chunk of new shares offered in the first tranche of the company’s private placement.
The group announced in January that it was looking to raise about MYR455 million for short-term cash needs, via a private placement of over 668 million new shares. In February, it priced the first tranche of nearly 370 million shares at MYR0.675 ($0.17) per placement share.
Source: Greg Waldron/FlightGlobal
An AirAsia A320 at Langkawi in March 2019
Via his wholly owned entity Positive Boom, the Hong Kong-based Choi holds 332.5 million shares after acquiring 167.1 million new shares, taking his shareholdings to 8.96% on 18 February, the low-cost airline group said in a statement today. ....

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AirAsia Group Berhad welcomes businessman and M&A specialist Dr Stanley Choi as substantial sharehol

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, ....

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Creating movement and motion

Creating movement and motion
Adam wants to inspire and empower people through running. – Pictures courtesy of Adam Nizam
DRIVEN in his belief of using sports and athleticism to overcome obstacles, 24-year-old Adam Nizam founded the Brand New Waves Running Club (BNWRC) last year in March, quickly establishing, and growing a following that involved like-minded individuals.
“(I was) part of a running crew before – We Be Thirsty. That was my first experience with community/group runs, and I will forever be grateful to them for that introduction.
“However, I felt it was time for me to carry on the torch and inspire more people, with my own twist,” said Adam, who also founded the Heaven Boys Football Club and Gyalchester United Football Club. ....

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Family, friends pay last respects to late Tun Rahah

Family, friends pay last respects to late Tun Rahah
19 Dec 2020 / 10:23 H.
Datuk Seri Mohamed Azmin Ali Bernama
KUALA LUMPUR: Dignitaries, family members and friends continued to visit the residence of the late Tun Rahah Mohamed Noah, the widow of second Prime Minister Tun Abdul Razak Hussein in Jalan Eaton here to pay their last respects.
All of them comply with the standard operating procedures set by the National Security Council including taking their body temperature and having their names recorded in the registration book provided.
There are also police personnel assigned to facilitate the traffic movement.
Among those present were Transport Minister Datuk Seri Dr Wee Ka Siong, Higher Education Minister Datuk Seri Dr Noraini Ahmad and Environment and Water Deputy Minister Dr Ahmad Masrizal Muhammad. ....

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