Wednesday, February 9, 2011

Wellington Mgmt sells 2.08m AirAsia shares

KUALA LUMPUR: Wellington Management Co . LLP ceased to be a substantial shareholder of AIRASIA BHD [] after it disposed of 2.083 million shares on Feb 2.

A filing with Bursa Malaysia showed its shareholding was reduced to 4.99% or 138.546 million shares after the transaction.

Recent transactions showed the fund management company disposed of 285,000 AirAsia shares on Jan 28 followed by the acquisition of 925,900 shares on Jan 31.

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