Thursday, February 11, 2010

US fund buys 12.56m AirAsia shares

29 January 2010

KUALA LUMPUR: US-based fund Wellington Management Co bought 12.56 million AIRASIA BHD [] shares from Jan 18 to 21.

A filing with Bursa Malaysia shows it acquired 2.7 million shares on Jan 18 and 3.15 million shares the next day. It bought 5.17 million shares on Jan 20 and 1.54 million units on Jan 21.

The recent acquisitions sees the fund's shareholding in the low-cost carrier increase to 186.21 million shares or 6.75%.

By Joseph Chin

The Edge

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