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

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

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

Kärcher says its wet-dry vacuum cleaners are not built to withstand tipping over - Kärcher of Germany suggests replacement rather than repair, despite claims of "sustainable" corporate policies

Image
 by Ganesh Sahathevan  This worter bought a  Kärcher WD 2 Premium Wet & Dry Vacuum Cleaner (pictured above) trusting the brand name, and German technology. However , there was only  disappointment  for after just a  few infrequent uses, the machine lost suction after tipping over on its side, onto a carpeted floor.  Parts were replaced, tubes were checked for blockage, but nothing worked.  Kärcher was contacted, but disappointingly  Kärcher could only suggest that it would be better to buy a new unit , for that would be cheaper than even the cost of inspection by one of their authorised technicians. Another email was sent, this time to CEO   Hartmut Jenner. The long winded response is reproduced below in full, but the story is in the last paragraph: So based on these three factors, and that the unit has been tipped over, none of these are a warrantable defect, or simply a manufacturing defect. So this is why it was suggested tha...
Read more