AirAsia suspends bourse trading amid reports of going private

KUALA LUMPUR, April 1 ― Malaysian budget airline AirAsia said yesterday that it will suspend trading of its stock on the bourse pending an announcement, a day after denying reports that its founders were planning to take the company into private ownership.

AirAsia’s shares would be suspended from 0100 GMT on April 1 pending a “material announcement”, it said in the bourse filing.

Trading in structured warrants will also be suspended.

AirAsia said in a statement on Wednesday that the airline was not considering going private at this stage, after local media reports said founders Tan Sri Tony Fernandes and Datuk Kamaruddin Meranun would do so with a company under state-owned China Everbright Bank Co.

Reuters reported in October that AirAsia founders are sounding out investors to take the company private in a management-led buyout. ― Reuters.

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