Nomad Investment substantial shareholder in AirAsia

KUALA LUMPUR: AirAsia Bhd, whose share price fell recently, saw Nomad Investment Partnership L.P. emerging as a substantial shareholder with 120 million shares.

A filing with Bursa Malaysia showed the Cayman Islands-registered fund raised its stake to 5.05% after acquiring 1.2 million shares or 0.05% on Monday,

AirAsia’s share price fell to a 52-week low of 98.5 sen on Wednesday while its 52-week high was RM2.14 on Oct 26 last year.