Stanley Choi Chiu Fai emerged as a substantial shareholder in AirAsia Group via his wholly-owned entity Positive Boom Ltd on Feb 18.Group expects businessman and M&A specialist Stanley Choi Chiu Fai, who joined the low-cost carrier group as a strategic shareholder to add value to its digital business development in China.
Kamarudin said AirAsia Group was confident Choi would add value to its digital business development in China through his vast experience and network with top digital players in the country. Choi is the chairman of Head & Shoulders Financial Group, as well as the chairman and executive director of International Entertainment Corporation , a company listed on the main board of Hong Kong Stock Exchange.
According to AirAsia Group’s statement Choi has more than 20 years of experience in financial services and merger & acquisition transactions, with a particular focus on private equity investment.
Wang Haram