Friday, April 22, 2016

Airasia: So this cannot be right! (Updated)

As a shareholder this cannot be right especially if the founders is trying to get the minority shareholders to vote for the placement come 9 May 2016.

The founders are selling at around RM2.10, while picking up the shares en bloc at RM1.84. Trading is ok, but not in this manner, unless they do not want the placement to go through.

Shareholders should reject the placement with this happens.

Although it is mentioned that the shares is being sold by another director, Dato' Abdel Aziz, one beg the question why sell now rather than later...

1 comment:

Malaysia Stock Talk said...

Good and thanks for highlighting this. We need more minorities to voice out corporate governance matters and exert pressure on the major shareholders or management who try to do something funny.