PETALING JAYA : AirAsia Bhd is buying a 40% stake in Tune Money Sdn Bhd for RM10mil cash to leverage on booming online transactions,with plans to list the latter in about five years.
The low-cost carrier said it had signed a shareholders’ agreement with Tune Money International Sdn Bhd and Tune Money to buy 54 million new 10-sen shares in the enlarged paid-up of Tune Money.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
