AirAsia stocks climb after HK tycoon ups stake in low-cost carrier
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KUALA LUMPUR, Feb. 23 -- AirAsia Group Berhad's share price rose this morning after real-estate magnate Stanley Choi increased his equity in the Malaysian low-cost carrier.
The Edge reported the increase to be 13.5 sen or 16.56 per cent to 95 sen, and by 11.15am the counter pared some gains at 91.5 sen, still up 10 sen or 12.27 per cent.
This was after 144.52 million of AirAsia's shares changed hands, with the group being one of the most actively traded stocks. The group's low-cost long-haul affiliate AirAsia X Berhad was the second most actively traded stock this morning.
AirAsia X saw 296.3 million shares traded, leading it to rise by 1.5 sen or 18.75 per cent, to 9.5 sen.
Yesterday Choi, a renowned poker player in Hong Kong, pumped...
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