News


Transactions (Chapter 10 Of Listing Requirements) : Non Related Party Transactions

BackApr 19, 2017
Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description

AirAsia Berhad

- Acquisition of 50% in Touristly Travel Sdn. Bhd.

AirAsia Berhad (“AirAsia” or the “Company”) is pleased to announce that AirAsia Investment Limited (Company No.: LL03901) (“AAIL”), a wholly-owned subsidiary of AirAsia has on 19 April 2017 executed a Share Subscription Agreement (“SSA”) and a Shareholders Agreement (“SHA”) with Touristly Travel Sdn. Bhd. (“Touristly”) (Company No.: 1050338-A) as follows:- 

  1. SSA to subscribe for 50% of the ordinary shares in Touristly; and
  2. SHA between the shareholders to govern the relationship between the parties of Touristly. The shareholding ratio of the parties are as follows; AAIL (50%), Aaron Ram Sarma (20.7%), Jeffrey Saw Meng Lai (13.6%), Wong Chin Kit (1.4%), Netrove Ventures Corporation (9.6%) and Tune Labs Sdn. Bhd. (4.8%).

AAIL and Touristly have also signed a Convertible Loan Agreement (“CLA”) where AAIL will be providing a convertible loan of RM5 million (collectively the “Transactions”).

Please refer to the attachment for further details.

This announcement is dated 19 April 2017.

 

 


Announcement Info

Company Name AIRASIA BERHAD
Stock Name AIRASIA
Date Announced 19 Apr 2017
Category General Announcement for PLC
Reference Number GA1-18042017-00053

Attachments

  1. Bursa_Announcement_-_Touristly_Travel.pdf (Size: 154,235 bytes)