News


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

BackAug 25, 2017
Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description

AirAsia Berhad - SALE OF 50% EQUITY SHARES IN ASIAN AVIATION CENTRE OF EXCELLENCE SDN BHD ("AACE") BY AIRASIA BERHAD ("AIRASIA" OR "THE COMPANY")

The Board of Directors of AirAsia (“Directors”), wish to announce that the Company had on 24 August 2017 executed a Share Purchase Agreement (“SPA”) with CAE International Holding Ltd, (“CAE”) to sell AirAsia’s entire shareholding in AACE (or “JV Company”) comprising 82,780,000 ordinary shares which is equivalent to 50% of the issued and outstanding shares of AACE to CAE for a total consideration sum (“Purchase Consideration”) of USD100,000,000 (or MYR429,300,000 at the exchange rate of 4.293) (including earn out).

Please refer to the attachment for further details.

This announcement is dated 25 August 2017.

 


Announcement Info

Company Name AIRASIA BERHAD
Stock Name AIRASIA
Date Announced 25 Aug 2017
Category General Announcement for PLC
Reference Number GA1-25082017-00053

Attachments

  1. AACE_Bursa_Announcement_-_250817_(Final).pdf (Size: 93,954 bytes)