KUALA LUMPUR (June 28): The three investors who have subscribed to AirAsia X Bhd’s (AAX) latest share placement of 32.25 million units are sitting on 18.7% gain since the listing of the new shares, which was roughly two weeks ago on June 15.  

The share price of AAX, which is due to submit its regularisation plan on July 28, climbed to RM1.84 on Wednesday (June 28), representing a gain of 29 sen against their subscription price of RM1.55 per share.

The three investors who have taken up the share placement are AHAM Asset Management Bhd, plus its wholly-owned Shariah investment arm AIIMAN Asset Management Sdn Bhd, as well as Lavin Group Sdn Bhd, according to the airline’s filing with Bursa Malaysia.

AHAM and AIIMAN subscribed for 12.9 million and 3.2 million shares respectively, while Lavin Group took up the largest chunk of 16.12 million shares.

The trading volume of AAX increased to 4.82 million shares, compared with 1.39 million shares a day ago.

Over the past 12 months, the airline’s share price has jumped by 260% or RM1.33. Year to date, it has shot up 207% or RM1.24.

Meanwhile, its substantial shareholder Capital A Bhd’s share price closed 1.5 sen or 1.92% higher at 79.5 sen on Wednesday, with a market capitalisation of RM3.29 billion.

The two airlines are currently Practice Note 17 companies.

Capital A is expected to submit its regularisation plan by next Friday (July 7).

The plan that has been made known to the public involves Capital A injecting its aviation business into AAX via an issuance of shares.