Sky Talk

Asian billionaire takes big bite of AMR shares

A Malaysian ranked No. 219 in March on Forbes’s list of world billionaires apparently now controls the third largest share of the stock of American Airlines parent company, AMR Corp.


Asia Fountain Investment Co. Ltd. and a group of affiliated entities apparently all controlled by Quek Leng Chan, of Kuala Lumpur, reported to the Securities and Exchange Commission that they had acquired 24.4 million shares of AMR common stock.

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