AirAsia completes equity private placement

AirAsia Group has completed its private share placement exercise with the issuance of a second tranche of 100.37 million new shares at an issue price of RM0.865 each –  which equates to about 3% of the company’s total issued shares. The initial tranche comprised 369.85 million shares (about 11.07%) closed on Feb 19, which welcomed new investor Dr Stanley Choi Chiu Fai – Chairman of Head & Shoulders Financial Group – as a substantial shareholder as his stake climbed to 8.96% from <5% previously. Together, both tranches delivered 470.21 million new shares issued under the private placement exercise, representing 14.07