Maybank Investment Purchases 8.5 Million AirAsia X Shares

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KUALA LUMPUR, July 24- Maybank Investment Bank Bhd purchased 8.5 million shares in AirAsia X yesterday to stabilise the stock’s price.

In a filing to Bursa Malaysia, the company said the stabilising manager, Maybank Investment, had purchased the shares at RM1.25 per share.

The share price of the long-haul budget airline, which was listed on the Main Market of Bursa Malaysia on July 10, was flat at RM1.25 today.

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– BERNAMA