KUALA LUMPUR (Feb 23): A Hong Kong businessman or more well known as a top poker player has taken a RM114 million ($37.3 million) bet on AirAsia Group Bhd.
Stanley Choi Chiu Fai took up a block of private placement of new AirAsia shares that raised his stake to 8.96% in the low-cost carrier via his private vehicle Positive Bloom Ltd, according to a filing with Bursa Malaysia yesterday.
He acquired 167.1 million AirAsia shares on Feb 18, raising his shareholding in the group to 332.5 million shares or an 8.96% stake.
Many are curious about this risk-taking businessman, who is willing to pump money into the ailing aviation industry.
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