AirAsia’s stocks appreciates on disposal of shares by EPF

  • 📰 theSundaily
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 51%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

AirAsia’s stocks appreciates on disposal of shares by EPF thesundaily Malaysia AirAsia EPF

Shares of AirAsia Group Bhd and its sister company AirAsia X Bhd appreciates in active trading following recent downtrend amid news report alleging the low-cost airline took US$50 million bribes from aircraft manufacturer Airbus.

According to two separate filings on Bursa Malaysia, the retirement fund disposed 7.43 million of AAGB shares on Jan 28 and followed it up with another disposal of 492,500 worth of shares on the next day. As at 11.50am, AirAsia Group recovered five sen or 3.45% at RM1.20 with 138.36 million shares changed hands, while AirAsia X rose half-a-sen or 4.35% to 12.0 sen with 25.57 million shares transacted.In a statement yesterday, Datuk Kamarudin Meranun and Tan Sri Tony Fernandes claimed that AirAsia was never reached out for any explanation or clarification by the UK Serious Fraud Office during their four-year investigation on the Airbus scandal.

“We categorically deny all allegations of wrongdoing or misconduct on our part as executives and directors of AirAsia,” they said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 25. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines