PETALING JAYA: Shares of AirAsia Group Bhd ended higher on news that it is in talks to sell a 10% stake to South Korea’s SK Corp.
At 5pm yesterday, the stock closed 3.5 sen higher to 86 sen with 175 million shares traded, making it the seventh most-actively traded stock of the day.
It was reported that AirAsia would be selling 10% of its shares to SK Corp, South Korea’s third largest conglomerate, at RM1 a share via a private placement.
Should the deal materialises, AirAsia will raise an estimated RM334.2mil from the placement of new shares.
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