NST Business reported 25-7-2013 that Maybank Investment Bank Bhd has purchased 5.49 million shares in AirAsia X Bhd yesterday to stabilise the stock’s price. The company told Bursa Malaysia yesterday Maybank IB had purchased the shares at RM1.25 each HERE.In monetary term, on 24-7-2013 Maybank investment under YM Tengku Zafrul Aziz has pumped in another RM6.863 million to stabilize the shares of AirAsia X Bhd.On 3 occasions Maybank Investment pumped as follows:On 11-7-2013 RM24.375 million HERE
On 17-7-2013 RM8.45 million HERE On 24-7-2013 RM6.863 million (above). For the past 2 weeks after the IPO of AirAsia X has been closed, Maybank Investment had pumped in RM39.688 million to stabilize IPO of AirAsia X. Please don’t be alarmed by RM39.688 million. It is just a drop in the ocean to Maybank Investment. Hopefully we will see more fund will be pumped in by Maybank Investment to help to stabilize the share price of AirAsia X. The pumping in of fund by Maybank Investment should be viewed as a form of “national service” by Maybank Investment to help public listed companies to stabilize its IPO share. In return, we should help Maybank by buying its shares so that it could help more companies to stabilize their IPO shares. It might be an opportune moment for Maybank to have a new slogan “Now Everyone Can Buy Maybank shares” to attract more customers to join its effort for “nation building”. Background Picture from left to right: Tan Sri Nor Mohamad Yakop (the then extremely powerful Minister of Finance II under Pak Lah’s administration, YM Tengku Zafrul Aziz (when he was the CEO of Tune Money Sdn Bhd, a company related to the AirAsia outfit), Tan Sri Tony Fernandes of AirAsia & AirAsia X) and Datuk Kalimullah Masheerul Hassan. The CEO of Maybank Investment Bhd is none other than YM Tengku Zafrul Aziz shown in the above picture when he was the CEO of Tune Money Sdn Bhd, which is part of the AirAsia’s outfits. So far we have not heard any of the key shareholders of AirAsia X coming out to deny what has been reported by Business Time that they have made a handsome profits of RM240 million from the IPO of AriAsia X. It has been reported in Business Times on 12-7-2013 that: “AirAsia X raised RM987.7 million from the IPO, of which nearly RM240 million went into the pockets of some its key shareholders, including its founder Tan Sri Tony Fernandes.”For full report in HERE. If it was true, congratulations to the shareholders of AirAsia X. The par value of AirAsia X was 15 Sen per share. The shareholders of AriAsia X were as follows: i) Manara Malaysia I Limited – 29,020,267 ii) Orix Airline Holding Limited – 29,020,267 iii) AirAsia Berhad – 42,666,667 iv) Corvina Holdings Limited – 26,666,667 v) Aero Ventures Sdn Bhd – 139,292,800 Aero Venture’s shareholders are:
For full details read HERE. It has been reported in Business Times on 12-7-2013 that: “AirAsia X raised RM987.7 million from the IPO, of which nearly RM240 million went into the pockets of some its key shareholders, including its founder Tan Sri Tony Fernandes.”For full report in HERE. Just for completeness, prior to the closing of the IPO of AirAsia X the highly acclaimed Editor of Business Star, BK Sidhu had promoted the AirAsia X share will be over-subscribed by at least 3 to 4 times HERE. Since then BK Sidhu has yet to write another piece to clarify on her promotional article, which was most misleading and unprofessional to say the least. Ms Sidhu, are you still the Editor of Business Star?
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Maybank Investment pumped in another RM6.8 million to stabilize share price of AirAsia X
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