Thursday, November 24, 2011

US fund sells 2.89m AirAsia shares

KUALA LUMPUR (Nov 24): US-based fund Wellington Management Company LLP disposed of 2.89 million shares from Nov 16 to 18.

A filing with Bursa Malaysia showed the fund had also acquired 45,200 share in the same period.

The recent transactions saw the fund's stake in the low-cost carrier increase to ''190.490 million shares or 6.86%.

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