Insider Moves: AirAsia Group Bhd, DPS Resources Bhd, E.A. Technique (M) Bhd, Industronics Bhd, Jade Marvel Group Bhd
BETWEEN Feb 22 and 26, notable shareholding changes at companies listed on Bursa Malaysia included those at AirAsia Group Bhd, where Hong Kong-based investor Dr Stanley Choi emerged as a substantial shareholder. Choi, an expert in mergers and acquisitions and one of the founders of private equity fund Yunfeng Capital, subscribed for 167.1 million AirAsia shares or 4.5% of the group’s share base on Feb 18. This increased his stake in the airline to 8.96%. Choi’s subscription was part of a private placement exercise that AirAsia has embarked on to raise RM454.5 million through the issuance...
Source: theedgemarkets.com