Choi’s bet for a royal flush

Head & Shoulders Financial Group chairman and International Entertainment Corporation (IEC) chairman Dr Stanley Choi, who is now a substantial shareholder of AirAsia Group Bhd.

AT a time when most investors would “fold” or “check” when it comes to investing in the aviation industry in the current economic climate, professional poker player and investor Dr Stanley Choi has made a bold “call”.

The high roller went in big on AirAsia Group Bhd last month when he acquired a further 167.1 million shares in a private placement via his wholly-owned private vehicle Positive Boom Ltd, raising his stake from less than 5% to 8.96%.