AirAsia buying 40% stake of Tune Money, plans IPO in 5 years


KUALA LUMPUR: AirAsia Bhd is buying a 40% stake in Tune Money Sdn Bhd for RM10mil cash consideration to leverage on the booming online transactions with plans to list the latter in about five years.


Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Gemas-Johor Bahru double-tracking project proves capability of local workforce
F4GBM Index expands with 26 constituents, F4GBMS Index adds 24
Guan Huat Seng signs IPO underwriting agreement with TA Securities
Ringgit jumps to 4.10 against greenback, highest in four and a half years
Oasis Harvest to acquire 80% of Contagious for RM900,000
Upgrade of Malaysia's illicit finance rating reflects whole-of-nation effort, says BNM Governor
AGX proposes one-for-four bonus issue of 108 million warrants
Malaysia has recovered RM37.63bil in assets, a 15-fold increase, states financial crime report
Critical Holdings wins RM40.8mil contract for data centre project
Watchdog upgrades Malaysia’s illicit finance rating

Others Also Read