AirAsia group chief executive officer Tan Sri Tony Fernandes' investment vehicle Tune Group Sdn Bhd has sold a total of 944,800 shares in Tune Insurance Holdings Bhd.
According to a filing with Bursa Malaysia, some 850,000 shares were sold on December 22 and an additional 94,800 shares the day after. All shares were sold at RM1.60 each.
Meanwhile, Fernandes, who is the non-independent, non executive director, still holds a 30.73% indirect stake and a 0.01% direct stake in Tune Insurance.
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