AIRASIA Bhd (5099) jumped as much as 3.5 per cent, its second-biggest gain this week in Kuala Lumpur trading, after a newspaper reported that the carrier’s largest shareholders may announce a buyout offer next week.
At close, the stock rose 4 sen, or 3.5 per cent, to RM1.17, the most since September 12 and the third-biggest gainer on the benchmark Composite Index.
Tune Air Sdn Bhd, which owns 31 per cent of AirAsia, will probably offer the buyout at a price of RM1.30 (36 US cents) to RM1.35 a share, the paper said, citing people it didn’t identify.
CIMB Bhd may lead the group of banks to finance the buyout, the newspaper said, citing people it didn’t identify. - Bloomberg
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