AirAsia’s stocks appreciates on disposal of shares by EPF thesundaily Malaysia AirAsia EPF
Shares of AirAsia Group Bhd and its sister company AirAsia X Bhd appreciates in active trading following recent downtrend amid news report alleging the low-cost airline took US$50 million bribes from aircraft manufacturer Airbus.
According to two separate filings on Bursa Malaysia, the retirement fund disposed 7.43 million of AAGB shares on Jan 28 and followed it up with another disposal of 492,500 worth of shares on the next day. As at 11.50am, AirAsia Group recovered five sen or 3.45% at RM1.20 with 138.36 million shares changed hands, while AirAsia X rose half-a-sen or 4.35% to 12.0 sen with 25.57 million shares transacted.In a statement yesterday, Datuk Kamarudin Meranun and Tan Sri Tony Fernandes claimed that AirAsia was never reached out for any explanation or clarification by the UK Serious Fraud Office during their four-year investigation on the Airbus scandal.
“We categorically deny all allegations of wrongdoing or misconduct on our part as executives and directors of AirAsia,” they said.
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