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AirAsia Group BHD changed to Capital A Berhad:
https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
$AIABF: Name change to Capital A Berhad
https://newsroom.airasia.com/news/capital-a-appoints-former-ceo-of-mdec-as-independent-non-executive-director
Capital A appoints former Chief Executive Officer of Malaysia Digital Economy Corporation (MDEC), As Independent Non Executive Director
KUALA LUMPUR, 23 February 2022 - Capital A ( formerly known as AirAsia Group ) announced the appointment of Surina Shukri, as Independent Non-Executive Director on the Board and Member of the Nomination and Remuneration Committee. The appointment is effective as of 31 January 2022.
Puan Surina was the former Chief Executive Officer of Malaysia Digital Economy Corporation (MDEC), the lead government agency for digital economy development.
She was recently named among the World's 50 Most Influential People Revolutionising Governance in the inaugural Agile 50 list by Apolitical & World Economic Forum's Global Future Council on Agile Governance. Her appointment brings over two decades of experience working across a diverse range of companies and industries in both private and public sectors.
Independent Non Executive Director Surina Shukri said: “I feel incredibly honoured to join the Board of Capital A. I’ve always admired AirAsia for its resilience, entrepreneurial and innovative spirit. The last two years have been the most difficult and disrupted years in the history of commercial aviation, yet AirAsia has continued to innovate and transform from an airline into a one-stop digital travel and lifestyle services group. With a strong leadership team in place, bolstered by a strong group of new independent directors, I’m excited to help build the company into a global champion.
“This is the most exciting time to join AirAsia as it embarks on its next revolution embracing the digital era. ”
The decision to bring in the seasoned Malaysian Executive serves to underscore Capital A’s commitment and strategic focus on increasing market competitiveness of its new businesses, including airasia Super App and its e-commerce ventures.
CEO of Capital A Tony Fernandes said: “We are delighted to welcome Surina onboard, who brings a wealth of experience and is a recognised and respected thought leader in the areas of digital transformation, innovation, diversity and inclusion. She is also a strong advocate of women empowerment, speaking at over 150 high-level engagements to date. It’s fantastic to see like-minded industry leaders such as Surina joining Capital A. Bringing strategic knowledge and expertise as we expand and charter exponential growth as a globally recognised tech company with a mission to bring greater value to people’s lives.”
***
Independent Non Executive Director Surina Shukri
Surina spent the bulk of her professional career in New York City, including 17 years of experience as an investment banker, strategist and leader at JPMorgan Chase & Co. serving as the Head of Strategy, Innovation and Business Management for Middle Market Banking, Head of Strategy for Commercial Banking, Chief Staff to the CEO of Commercial Banking and Executive Director in Natural Resources Investment Banking.
In 2018, she left JP Morgan Chase to start SheNovation Ventures, a transformation and growth venture studio where she advised fintech and blockchain start-ups on growth strategy and capital raising and consulted business leaders on culture change and transformation.
Surina graduated from University of Pennsylvania’s prestigious Management & Technology dual degree program with a Bachelor of Science in Economics from The Wharton School and Bachelor of Applied Sciences in Systems Engineering from the School of Engineering and Applied Sciences. She is an alumnus of Mara Junior Science College, Taiping, Malaysia and was inducted into her alma mater’s Hall of Fame. She is currently also an Independent Director and a member of the Board Risk and Compliance Committee of CIMB Investment Bank Berhad.
$AIABF: Name change to Capital A Berhad
https://newsroom.airasia.com/news/capital-a-appoints-former-ceo-of-mdec-as-independent-non-executive-director
Capital A appoints former Chief Executive Officer of Malaysia Digital Economy Corporation (MDEC), As Independent Non Executive Director
KUALA LUMPUR, 23 February 2022 - Capital A ( formerly known as AirAsia Group ) announced the appointment of Surina Shukri, as Independent Non-Executive Director on the Board and Member of the Nomination and Remuneration Committee. The appointment is effective as of 31 January 2022.
Puan Surina was the former Chief Executive Officer of Malaysia Digital Economy Corporation (MDEC), the lead government agency for digital economy development.
She was recently named among the World's 50 Most Influential People Revolutionising Governance in the inaugural Agile 50 list by Apolitical & World Economic Forum's Global Future Council on Agile Governance. Her appointment brings over two decades of experience working across a diverse range of companies and industries in both private and public sectors.
Independent Non Executive Director Surina Shukri said: “I feel incredibly honoured to join the Board of Capital A. I’ve always admired AirAsia for its resilience, entrepreneurial and innovative spirit. The last two years have been the most difficult and disrupted years in the history of commercial aviation, yet AirAsia has continued to innovate and transform from an airline into a one-stop digital travel and lifestyle services group. With a strong leadership team in place, bolstered by a strong group of new independent directors, I’m excited to help build the company into a global champion.
“This is the most exciting time to join AirAsia as it embarks on its next revolution embracing the digital era. ”
The decision to bring in the seasoned Malaysian Executive serves to underscore Capital A’s commitment and strategic focus on increasing market competitiveness of its new businesses, including airasia Super App and its e-commerce ventures.
CEO of Capital A Tony Fernandes said: “We are delighted to welcome Surina onboard, who brings a wealth of experience and is a recognised and respected thought leader in the areas of digital transformation, innovation, diversity and inclusion. She is also a strong advocate of women empowerment, speaking at over 150 high-level engagements to date. It’s fantastic to see like-minded industry leaders such as Surina joining Capital A. Bringing strategic knowledge and expertise as we expand and charter exponential growth as a globally recognised tech company with a mission to bring greater value to people’s lives.”
***
Independent Non Executive Director Surina Shukri
Surina spent the bulk of her professional career in New York City, including 17 years of experience as an investment banker, strategist and leader at JPMorgan Chase & Co. serving as the Head of Strategy, Innovation and Business Management for Middle Market Banking, Head of Strategy for Commercial Banking, Chief Staff to the CEO of Commercial Banking and Executive Director in Natural Resources Investment Banking.
In 2018, she left JP Morgan Chase to start SheNovation Ventures, a transformation and growth venture studio where she advised fintech and blockchain start-ups on growth strategy and capital raising and consulted business leaders on culture change and transformation.
Surina graduated from University of Pennsylvania’s prestigious Management & Technology dual degree program with a Bachelor of Science in Economics from The Wharton School and Bachelor of Applied Sciences in Systems Engineering from the School of Engineering and Applied Sciences. She is an alumnus of Mara Junior Science College, Taiping, Malaysia and was inducted into her alma mater’s Hall of Fame. She is currently also an Independent Director and a member of the Board Risk and Compliance Committee of CIMB Investment Bank Berhad.
Any other suggestion for Canadian platforms ?
You can trade this stock on Merrill (Bank of America)
$AIABF: SK Group drops $100Milly into AirAsia
https://www.forbes.com/sites/jonathanburgos/2021/08/08/south-korean-billionaire-chey-tae-wons-sk-group-invests-100-million-in-airasias-fintech-unit/?sh=fd696cb68be4
GO $AIABF
$AIABF: I haven't sold any so I don't know
If you want to sell them you might have to talk to your broker whoever that is.
I'm holding cuz Stanley CHOI has a major stake in this operation and recovery and Airline Travel in Asia is picking up big this summer
Don't bailout too soon.
GO $AIABF
I had a trade restriction on AIABF , do you know why ? Do you know any platforms that i can sell my shares ? Thanks
Yup time to go up, excellent news !!!!!!!!!!!!!!!!!!!! $AIABF
$AIABF: Get ready to roll............ new investment coming in
Now 0.23
https://www.retailnews.asia/thai-airasia-plans-ipo-for-capital-injection-by-new-investor/
GO $AIABF
$AIABF start the engines
These are a lot of planes are we gonna buy some of these ? !!!!!!!!
That is a good thing, but i don't get why this is still at 0.25 to 0.29
$AIABF: CEO Veranita Yosephine......... AWARDS
https://www.aerotime.aero/27572-interview-with-air-asia-indonesia-ceo-veranita-yosephine
GO $AIABF
That is the case for many good stocks but somehow you see some crapy stocks fly out of nowhere,with crapy financials with 50 billion shares and you don't know what to say
UBER $54.71 (+1.52%) on Yahoo Finance https://finance.yahoo.com/quote/UBER?p=UBER
AGREED BRO THANKS
$AIABF: You know that and I know that........
And Stanley CHOI who just put $400Million of his Fund money into the company knows that.
The Market is always last to figure out.
By then they are chasing....... we are banking.
Know the game...... profit by it.
GO $AIABF
This is so way under valued.
$AIABF: Right now we're at $0.31
Wayyyyyyyyyy below where Stanley CHOI bought in at.
GO $AIABF
Where we at on AIABF?
LET ME GET THIS STRAIGHT... THIS AIRLINE HAS 255 PLANES AND THAT INCLUDES ITS SUBSIDIARIES BUT ITS TRADING AT $.28????
TALK ABOUT WAY THE HELL UNDERVALUED LOL!!
BUY BUY BUY
Tomorrow is Friday and this has had time to load this week with the way above average volume... Could start a run like TAWNF LAST FRIDAY as early as tomorrow. May wana get your tickets
Look out below. The TAWNF sympathy play was a bad idea
I got some today , i hope it flies soon $AIABF
$AIABF: Kansas CITY CHiefs are PURE CRAP !!!!!!!
I put that weasel on BLOCK.
Just another TROLL trying to get attention.
GO $AIABF
Just like the Kansas city chiefs in the super bowl. Lol
And you care why?
LOL KEEP LOADING
What a trap. This scam is gonna fall HARD
Volume last couple of trading days are crazy compared to 10-Day Average
Yet the pps has done nothing...
$AIABF: Complete Corporate Structure
https://ir.airasia.com/misc/Corporate_Structure_31JAN2021.pdf
GO $AIABF
$AIABF: Huge NEWS out this morning........ BIG Equity STAKE
https://www.newswire.ca/news-releases/aimia-announces-sale-of-biglife-equity-stake-to-airasia-876802025.html
GO $AIABF
********************************************************
Aimia Announces Sale of BigLife Equity Stake to AirAsia
NEWS PROVIDED BY
Aimia Inc.
Mar 22, 2021, 07:00 ET
SHARE THIS ARTICLE
(All figures referenced in Canadian dollars, except where noted)
Aimia's 20% ownership in BIGLIFE to be sold for 85.86 million shares of AirAsia Group Berhad ("AirAsia") (AAGB.MK)
Transaction provides significant upside potential in AirAsia's equity
TORONTO, March 22, 2021 /CNW Telbec/ - Aimia Inc. (TSX: AIM) is pleased to announce that it has entered into a binding Memorandum of Understanding with AirAsia to sell its 20% equity stake in AirAsia's loyalty company BIGLIFE for a consideration of $31.2 million (US$25.0 million) to be satisfied by 85.86 million new publicly traded ordinary shares of AirAsia (AAGB.MK), representing an approximate equity stake of 2.2% of AirAsia's existing issued shares. Including AirAsia shares previously purchased by Aimia, Aimia will own a total of 121.47 million shares for an approximate 3.1% equity stake in AirAsia upon completion of the BIGLIFE transaction. The BIGLIFE transaction is subject to the execution of definitive documentation and AirAsia's shareholders' approval which is expected to occur before end of May 2021.
Aimia's CEO, Phil Mittleman, commented: "We are excited for this new chapter in our partnership with AirAsia, a leading low-cost carrier across Southeast Asia and owner of a portfolio of valuable digital assets. By exchanging our minority position in BIGLIFE for publicly traded stock in AirAsia, we will participate in what we believe will be significant upside in AirAsia's equity, with the added benefit of liquidity. We fully support the airline's recent efforts to strengthen its financial position and pursue its digital transformation, and we believe that AirAsia will emerge from the pandemic as a stronger airline, uniquely positioned to capitalize on the sizable pent-up demand that we believe exists for low-cost air travel across Southeast Asia."
AirAsia's CEO, Tony Fernandes, said: "We appreciate the partnership of Aimia and their support in becoming a shareholder in AirAsia. We believe this transaction will be a great outcome for both parties and we look forward to continuing to demonstrate our progress to position the business for success upon the recovery from the COVID-19 pandemic. What started out as a standard airline rewards programme has now expanded to offer a much broader digital currency for consumers to earn and redeem BIG Points across a broad ecosystem of travel and lifestyle products, beyond the airasia platforms. BigLife's BIG Rewards is now one of Asean's largest lifestyle rewards platforms with over 25 million members and we have robust plans to be the largest points platform with BIG Xchange as a universal points exchange hub for two-way conversion between loyalty points in Asean. With the impending full ownership of BigLife and as AirAsia's digital transformation continues, we look forward to taking BigLife to new heights."
About Aimia
Aimia Inc. (TSX: AIM) is a holding company with a focus on long-term investments in public and private companies, on a global basis, through controlling or minority stakes.
The company operates an investment advisory business through its wholly-owned subsidiary Mittleman Investment Management, LLC, and owns a diversified portfolio of valuable investments including a 48.9% equity stake in PLM Premier, S.A.P.I. de C.V. (PLM), owner and operator of Club Premier, the coalition loyalty program in Mexico that operates the Aeromexico Frequent Flyer program, a 48.9% equity stake in Kognitiv, a B2B technology growth company enabling collaborative commerce, a 20.0% equity stake in BIGLIFE, the operator of BIG Rewards, one of the largest loyalty programs across Asia, a 10.85% stake in Clear Media Limited (100.HK), one of the largest outdoor advertising firms in China, as well as minority stakes in a portfolio of public company securities.
For more information about Aimia, visit www.aimia.com.
About AirAsia
AirAsia is a leading travel and financial platform company in Asia Pacific, providing air transport, travel and lifestyle services, as well as financial services. AirAsia started as a low-cost carrier with operations in Malaysia, Indonesia, Thailand, the Philippines and India, and has carried more than 600 million guests to over 160 destinations in its network across Asia, Australia, the Middle East and the US. Recognised for its world-class service, the airline has been named Skytrax World's Best Low-Cost Airline 11 years in a row from 2009 to 2019 and World Travel Awards World's Leading Low-Cost Airline for eight consecutive years from 2013 to 2020. AirAsia has recently been awarded the top 7/7 stars for all airlines in the Group for Covid-19 health and safety measures by the aviation experts at airlineratings.com following recent innovations to ensure the highest safety and hygiene standards are maintained at all times. Since 2018, AirAsia has since embarked on a transformation journey to become more than just an airline, with the inclusion of hotels, holidays, activities, online shopping and more on its travel and lifestyle platform the airasia super app, integrated logistics including last mile deliveries through Teleport and digital financial services via its money app BigPay.
Forward-Looking Statements
This press release contains statements that constitute "forward-looking information" within the meaning of Canadian securities laws ("forward-looking statements"), which are based upon our current expectations, estimated, projections, assumptions and beliefs. All information that is not clearly historical in nature may constitute forward-looking statements. In some cases, forward-looking statements are typically identified by the use of terms such as such as "anticipate", "believe", "could", "estimate", "expect", "intend", "may", "plan", "predict", "project", "will", "would", and "should". Forward-looking statements in this press release include, but are not limited to, statements with respect to our current and future plans, expectations and intentions.
Forward-looking statements, by their nature, are based on assumptions and are subject to known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the forward-looking statement will not occur. The forward-looking statements in this press release speak only as of the date hereof and reflect several material factors, expectations and assumptions. Undue reliance should not be placed on any predictions or forward-looking statements as these may be affected by, among other things, changing external events and general uncertainties of the business. A discussion of the material risks applicable to us can be found in our current Management Discussion and Analysis and Annual Information Form, each of which have been or will be filed on SEDAR and can be accessed at www.sedar.com. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and we disclaim any intention and assumes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
SOURCE Aimia Inc.
For further information: Media, Analysts and Investors: Tom Tran, Director, Investor Relations, (647) 208-2166, tom.tran@aimia.com
Related Links
https://corp.aimia.com/
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