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AirAsia completes share placement of 100m new shares

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.

Kuala lumpurHong kongFort worthUnited statesSan franciscoGanen sarbananthanZubin iraniDavid bondermanTim dattelsStanley choi chiuTony fernandesAimia incClear media ltdBoston celticsAirasia groupHead shoulders financial group

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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AirAsia Group Berhad (via Public) / AirAsia s successful private share placement reflects company s strong fundamentals, digital potential

AirAsia Group Berhad (via Public) / AirAsia s successful private share placement reflects company s strong fundamentals, digital potential
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Short Sellers Circle AirAsia After Stock Hits One-Year High

Short Sellers Circle AirAsia After Stock Hits One-Year High
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Stanley Choi not ruling out buying more shares in AirAsia

KUALA LUMPUR: AirAsia Group Bhd’s strength in big data makes it an attractive investment portfolio, despite the challenges the aviation industry is facing now, and there are possibilities to increase the stake in the future, said Stanley Choi Chiu Fai, who emerged as a substantial shareholder in the company.

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