KUALA LUMPUR: Stanley Choi Chiu Fai, who emerged as a new substantial shareholder in AirAsia Group Bhd, is a well-known poker player from Hong Kong.
Choi emerged as a substantial shareholder of AirAsia after he pumped in RM114.46mil to take up the low-cost carrier’s private placement.
Choi, through his private vehicle Positive Bloom Ltd, acquired 167.1 million, or a 4.17% stake, on Feb 18, raising his shareholding in the airline to 332.5 million shares or an 8.96% stake.
Choi is also the co-founding member of Yunfeng Capital, a private capital arm of Alibaba Group’s Jack Ma.
He has also served as a member of the senior management of various listed companies in Hong Kong. He is currently the chairman of Hong Kong-listed International Entertainment Corp.
It is an investment holding company that operates hotels and leases investment properties equipped with entertainment equipment in the Philippines.
Choi is also the co-founder of Yunfeng Fund LP and CEO of Longhui International Holdings Ltd.
Longhui operates chain restaurant business, providing hotpots, fast food products, desserts, drinks, and other related products.
He also sits on the board of financial services group, Head & Shoulders Financial Group Ltd.