Sunday, August 30, 2009

Off-market trade in 2.1% of AirAsia

26 August 2009

KUALA LUMPUR: AirAsia Bhd had a 2.1% stake traded off-market for RM72mil yesterday, according to stock exchange data.

About 50 million shares changed hands at RM1.44 each, stock exchange data showed. Neither the buyer nor seller was identified, Bloomberg reported.

On Aug 12, AirAsia saw the entry of a new foreign substantial shareholder in Luxembourg incorporated firm Genesis Smaller Companies SICAV, which acquired a 5.4% stake in the low-cost carrier. The stock closed at RM1.42 on Aug 12.

According to a filing with Bursa Malaysia on Aug 14, Genesis acquired 128.3 million AirAsia shares from the market.

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