AirAsia completes share placement of 100m new shares

CEO of AirAsia Group, Tan Sri Tony Fernandes said: “The successful private share placement and the overwhelming response that it received from renowned local and foreign investors were clear testaments to AirAsia's strong fundamentals and our tremendous future potential."

KUALA LUMPUR: AirAsia Group Bhd has concluded its private share placement exercise with the completion of the second tranche on Wednesday where another 100.36 million new shares were issued.

The low-cost carrier announced the tranche representing about 3% of its total issued shares at an issue price of 86.5 sen each.