EPF ups AirAsia stake to 6.45%
KUALA LUMPUR: AirAsia Bhd share price, which had fallen sharply in recent weeks, saw the Employees Provident Fund board acquiring 3.13 million shares on July 9.
A filing with Bursa Malaysia showed that after the acquisition, the EPF board’s total shareholding increased to 153.35 million shares or 6.46%.
The low-cost carrier’s share price closed at 84.5 sen on July 9.
AirAsia’s share price was at a 52-week low of 76.5 sen on June 25 while its 52-week high was RM2.14 on Oct 26 last year.
At the current price of 87 sen, it is trading at a price to earning of 4.10 times.