Wellington pares stake in AirAsia

Wellington pares stake in AirAsia
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KUALA LUMPUR (April 28): The United States Wellington Management International Ltd has disposed 18.47 million shares in Air Asia Bhd.

According to Bursa Malaysia, Wellington Management Global Holdings had on April 19, ceased to be AirAsia’s substantial shareholder.

However, it did not disclose the transaction price.

Today, AirAsia shares fell 5 sen or 2.49% to RM1.96. It saw 13.67 million shares traded, for a market capitalisation of RM5.45 billion.

Year-to-date, the counter has risen 52%.