17-Sep-2009 12:00 PM
AirAsia shares slump following share sale, Virgin Blue considering big aircraft order
Analysis
AirAsia's shares fell the most in six weeks in Kuala Lumpur trading yesterday, after the carrier sold shares at a discount of 5.7% from the previous close (and approximately 6.7% lower than the five-day volume-weighted average price up to and including 14-Sep-09) in a private placement aimed at reducing the carrier's debt levels.
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