AirAsia’s successful private share placement


AirAsia Group chief executive officer Tan Sri Tony Fernandes (pic) said the successful private share placement and overwhelming response from renowned local and foreign investors were clear testaments to the low-cost carrier’s strong fundamentals and tremendous future potential, especially with its pivot into digital and data-driven businesses.

PETALING JAYA: Low-cost carrier AirAsia Group Bhd has concluded its private share placement exercise with the completion of a second tranche, where another 100.36 million new shares have been issued.

In a statement yesterday, AirAsia Group said the tranche represented approximately 3% of its total issued shares at an issue price of 86.5 sen each.

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