Gambler who bet millions on AirAsia wants everyone to notice

Gambler who bet millions on AirAsia wants everyone to notice

The Edge Markets - Malaysia·2021-03-18 15:04

(March 18): When Stanley Choi became one of AirAsia Group Bhd’s biggest shareholders a month ago, he did so with no intention to pursue the aggressive tactics favoured by activists in Europe and the US. Instead, he saw an opportunity to create a buzz.

Choi, a poker-playing Hong Kong financier, boosted his stake in the Malaysian budget carrier to almost 9% on Feb 18 in a private placement at a cost of about US$27 million. He hadn’t previously been looking to invest in the travel industry.

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