Tuesday, July 16, 2013

Maybank - stabilising manager of Airasia X movement


Maybank is the stabilising manager for the initial public offer (IPO) of Airasia X Bhd. The maximum period for the price stabilisation would be the earlier of 30 days from the start of trading of the shares; or when the stabilising manager has bought 118.518 million shares, representing up to about 15.0% of the total number of shares offered under the IPO.

Maybank IB had bought 19.5 million shares at 1.25 ringgit on 10 July 2013. It had also bought 6.014 million shares of AAX from the open market on 16 July 2013. It also bought 750000 shares from the open market at rm1.25 on 15 July 2013.

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