AirAsia Bhd exercised a call option to purchase 121.68 mil
shares representing a 20% stake in Tune Insurance Holdings Bhd (TIH) at 10 sen
apiece for a total consideration of RM16mil.
In a filing with Bursa yesterday, it was revealed that TIH,
which is the holding company of Tune Insurance Malaysia Bhd, has a total issued
and paid-up share capital of 608.39 million shares.
This comes shortly after news that Tan Sri Tony Fernandes,
founder of the Tune Group, is planning to list privately held Tune Insurance
and AirAsia X Sdn Bhd early next year. – The Edge
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