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Hong Kong poker ace sees embattled AirAsia as a winning bet

Hong Kong businessman and professional poker player Dr Stanley Choi Chiu Fat has expressed confidence his bet on financially struggling AirAsia Group will pay off as the airline this week successfully completed the second tranche of a private share placement.

Dr Choi hit the headlines in February when he raised his AirAsia stake during the first tranche of the investment from less than 5 percent to 8.96 percent, or 332.5 million shares.

The success of the first tranche saw AirAsia’s share price jump, delivering tidy initial gain to the Hong Kong businessman.

READ: Last Airbus A380 takes off on maiden flight.

The second read more ⇒

Source:: AirlineRatings.Com

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