AERO TRADING GROUP Corp

AirAsia completes equity private placement

AirAsia completes equity private placementAirAsia completes equity private placementAirAsia completes equity private placement

AirAsia Group has completed its private share placement exercise with the issuance of a second tranche of 100.37 million new shares at an issue price of RM0.865 each –  which equates to about 3% of the company’s total issued shares. The initial tranche comprised 369.85 million shares (about 11.07%) closed on Feb 19, which welcomed new investor Dr Stanley Choi Chiu Fai – Chairman of Head & Shoulders Financial Group – as a substantial shareholder as his stake climbed to 8.96% from <5% previously. Together, both tranches delivered 470.21 million new shares issued under the private placement exercise, representing 14.07

Leave a Reply

Your email address will not be published. Required fields are marked *