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AirAsia Group raises $82m from TPG execs, Aimia, others in private share placement

AirAsia Group raises $82m from TPG execs, Aimia, others in private share placement Visual from the company website March 17, 2021 AirAsia Group Bhd has raised $82 million from TPG Capital executives, Aimia Inc., and others through a private share placement, the Malaysian budget airline said on Wednesday as it looks to ensure liquidity in 2021. The airline raised 336.46 million ringgit ($81.70 million) over two tranches by issuing 470.21 million new shares, representing 14.07% of the groupโ€™s t...
Hong Kong Ganen Sarbananthan Zubin Irani Tim Dattels David Bonderman Stanley Choi

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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 upgradi...
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UPDATE 1-Malaysia's AirAsia Group raises $82 mln as TPG executives, Aimia participate

By Reuters Staff (Adds details on airlineโ€™s fundraise plan) KUALA LUMPUR, March 17 (Reuters) - AirAsia Group Bhd has raised $82 million from TPG Capital executives, Aimia Inc and others through a private share placement, the Malaysian budget airline said on Wednesday as it looks to ensure liquidity in 2021. The airline raised 336.46 million ringgit ($81.70 million) over two tranches by issuing 470.21 million new shares, representing 14.07% of the groupโ€™s total issued shares. The airline sai...
Kuala Lumpur Hong Kong Zubin Irani David Bonderman Liz Lee Stanley Choi

Malaysia's AirAsia Group raises $82 million as TPG executives, Aimia participate

Message : Required fields KUALA LUMPUR (Reuters) - AirAsia Group Bhd has raised $82 million from TPG Capital executives, Aimia Inc and others through a private share placement, the Malaysian budget airline said on Wednesday as it looks to ensure liquidity in 2021. The airline raised 336.46 million ringgit ($81.70 million) over two tranches by issuing 470.21 million new shares, representing 14.07% of the groups total issued shares. The airline said investment firm TPG Capitals founder and ch...
Hong Kong Zubin Irani David Bonderman Liz Lee Stanley Choi Ganen Sarbananthan

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