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AAX share supported at RM1.25 by Maybank
by Cals Tue 16 Jul 2013, 21:04
AAX share supported at RM1.25 by Maybank
Business & Markets 2013
Written by theedgemalaysia.com
Tuesday, 16 July 2013 18:18
KUALA LUMPUR (July 16): AirAsia X Bhd (AAX) announced that Maybank Investment Bank, as the price stabilising manager of AAX shares, had entered the market again to mop up the company’s shares at RM1.25 – its IPO price.
Maybank IB bought 6.014 million shares of AXX from the open market today, AAX informed Bursa. Yesterday, the investment bank also bought 750,000 shares from the open market at RM1.25.
Shares in AirAsia X, which made its debut trading on July 10, closed flat at RM1.25.
AAX has raised US$310 million from its IPO to help it expand amid strong growth prospects for travel to and from Southeast Asia.
Business & Markets 2013
Written by theedgemalaysia.com
Tuesday, 16 July 2013 18:18
KUALA LUMPUR (July 16): AirAsia X Bhd (AAX) announced that Maybank Investment Bank, as the price stabilising manager of AAX shares, had entered the market again to mop up the company’s shares at RM1.25 – its IPO price.
Maybank IB bought 6.014 million shares of AXX from the open market today, AAX informed Bursa. Yesterday, the investment bank also bought 750,000 shares from the open market at RM1.25.
Shares in AirAsia X, which made its debut trading on July 10, closed flat at RM1.25.
AAX has raised US$310 million from its IPO to help it expand amid strong growth prospects for travel to and from Southeast Asia.
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