<div class=newsTextDataWrapInner>KUALA LUMPUR (Jan 26): AirAsia Bhd has completed the long-awaited issuance of 559 million shares to its group chief executive officer Tan Sri Tony Fernandes and executive chairman Datuk Kamarudin Meranun for RM1.01 billion. 
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The shares were placed out at RM1.80 apiece to Tune Live Sdn Bhd, a company equally shared by Fernades and Kamarudin.</div>

<div class=newsTextDataWrapInner>“The shares issuance has been completed, following the listing of and quotation for the subscription shares on the Main Market of Bursa Securities on Jan 26, 2017,” &nbsp;said AirAsia — via CIMB Investment Bank Bhd and RHB Investment Bank Bhd — in a filing with Bursa Malaysia today. 
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Bursa Malaysia had previously extended the share issuance four times, because AirAsia was unable to acquire the necessary approval from Bank Negara Malaysia, as it involved partial offshore funding. 
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To recap, AirAsia had on April 1, 2016, entered into a conditional subscription agreement with Tune Live to pay RM1.01 billion for an additional 16.7% stake in AirAsia. 
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Following the completion, Fernandes and Kamarudin saw their indirect stake increase to 32.18%. 
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AirAsia shares traded at RM2.50 at 3pm today, giving it a market capitalisation of RM8.35 billion. 
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KUALA LUMPUR (Jan 26): AirAsia Bhd has completed the long-awaited issuance of 559 million shares to its group chief executive officer Tan Sri Tony Fernandes and executive chairman Datuk Kamarudin Meranun for RM1.01 billion.
 
The shares were placed out at RM1.80 apiece to Tune ...

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