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RedQ, Jalan Pekeliling 5, Lapangan
Terbang Antarabangsa Kuala Lumpur (klia2
Phone: +60 386604333p:+60 386604333 SELANGOR DARUL EHSAN, 64000  Malaysia Ticker: CAPITALACAPITALA

Choi is new substantial shareholder of AirAsia Group


KUALA LUMPUR: Dr Stanley Choi Chiu Fai became a substantial shareholder of AirAsia Group Bhd, via his wholly-owned entity Positive Boom Ltd, on Feb 18.

He acquired 167.1 million AirAsia shares in the first tranche of a private placement, raising his shareholding in the group to 332.5 million shares, or an 8.96 per cent stake.

AirAsia Group executive chairman Datuk Kamarudin Meranun said Choi had an impressive track record and solid reputation as a business powerhouse.

“We are confident that he will add value to our digital business development in China through his vast experience and network with top digital players in the country.  “As chairman of one of the leading broking houses in Hong Kong, Choi had a proven track record in the investment business. As a member of the YunFeng Capital, he brings with him great access to key businesses in mainland China,” said Kamarudin yesterday.

Choi said it was his great pleasure and honour to gain a substantial ownership stake in AirAsia Group.

“I believe the worst period in the aviation industry’s history has now passed,” he added.

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