Orix of Japan will not confirm investment in AirAsia X

On October 13 2007 just prior to the Australian Civil Aviation Authority granting
AirAsia X its Australian Air Operators Certificate, it was reported that 2 investors, Japan's Orix and another from Bahrain (variously named "Manama", "Perigon Capital", a "private equity fund") were to invest USD 75 million(USD 37.5 million each) for stake of 10% each in AirAsia X.(http://www.iht.com/bin/printfriendly.php?id=7875790)

ORIX was asked how they came to value a 10% stake in AirAsia X at USD 37.5 million, just a few months after Richard Branson paid USD 7.2 million for a stake of the same quantity.

ORIX's response:
Dear Ganesh,

As you mentioned, this bit of information seems to be in circulation; however, this has not been confirmed by ORIX.
Therefore we have no further comments on this matter.


Best regards,

Yui Takamatsu
(for ORIX)

ORIX is a public company listed in Tokyo with continuous disclosure requirements in Japan and in the US, unlike AirAsia X and Branson's Virgin Air which are privately held.

Comments

Post a Comment

Popular posts from this blog

Cost of NSW LPAB's PLT scandal must be disclosed as a separate item, and notes provided to explain clearly how the scandal came to be; cost must include provision for contingent liabilities

Image
 by Ganesh Sahathevan                                                                                    NSW LPAB's 23-24 Annual Report has additonal defeciencies  The   NSW LPAB's PLT scandal  is not cost free, and so far included the expemse of the URBIS survey, and the internal PLT working group review. It is likely that other costs have and will be incurred, in the course of unravelling a scandal that the  NSW LPAB would have been aware of since at least 2006.  There is also a paper trail to show  that the   NSW LPAB Executive Officer at the time, Louise Pritchard,  had personal knowledge of governance matters which concerned the PLT, but were however excluded from the NSW LPAB Annual Report 2018 (see story below). Gi...
Read more

At the heart of the Muslim Legal Network NSW 's "Anti-terrorism laws: ASIO, the Police and You" booklet is the belief that Western civilization will soon collapse ;the "Great Lie" of democracy is first among its weaknesses.

Image
by Ganesh Sahathevani Mark Speakman ‏ Verified account   @MarkSpeakman Follow Follow  @ MarkSpeakman More Commemorating the opening of the 2019 Law Term at the #GallipoliMosque Auburn this evening with judges, lawyers (including @LSNSW_President ) and Islamic communities. 1:08 AM - 7 Feb 2019  from  Auburn Gallipoli Mosque The Australian Muslim Civil Rights Advocacy Network was co-founded by a UNSW researcher named Dr Waleed Kadous,who went on to work for Google,and then Uber. The other founder was his wife,Agnes Chong AMCRAN is best known for its "Anti-terrorism laws: ASIO, the Police and You" booklet, first published in 2006. In 2017 the following announcement  appeared on the AMCRAN website. Passing the Torch and Fourth Edition TUESDAY, 30 MAY 2017 As you can see from the fact that our last update was in 2009, AMCRAN has not been publicly active for some time. The laws, however, have continued to evolve and affect people in unintended ways. So over t...
Read more

AG NSW Mark Speakman, two Sydney University appointments by former USYD General Counsel Richard Fisher, the NSW LPAB, and Sydney Water- Speakman has even more election funding questions to answer as he defends his NSW seat of Cronulla

Image
by Ganesh Sahathevan        NSW AG Mark Speakman defending his Cronulla seat In 2013 the then NSW Minister for Finance Greg Pearce was sacked by the then  NSW Premier Barry O'Farrell for not disclosing a conflict of interest when he appointed the former  Sydney University General Counsel Richard Fisher to the board of Sydney Water.  Fairfax Media reported the details:  Fairfax Media has been told the lawyer Richard Fisher ''picked up the tab'' for the party to celebrate Mr Pearce's marriage to Shauna Jarrett, which was held a year before the Coalition took power in NSW and Mr Pearce became minister for finance and services. It has emerged that Ms Jarrett reports to Mr Fisher at the University of Sydney, where he is the general counsel. This was not disclosed to cabinet before it endorsed Mr Fisher's appointment in what Mr O'Farrell described as a ''clear breach'' of the ministerial code of conduct. Mr O'Farrell said he dismissed Mr Pe...
Read more