News


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

BackDec 29, 2017

 

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description

AIRASIA BERHAD ("AirAsia" or "the Company") COMPLETION OF THE SALE OF 50% EQUITY SHARES IN ASIAN AVIATION CENTRE OF EXCELLENCE SDN BHD ("AACE") BY AIRASIA FOR A TOTAL CONSIDERATION SUM OF USD100,000,000 (INCLUDING EARN OUT)

We refer to the announcement dated 25 August 2017 (Reference No. GA1-25082017-00053) in relation to the sale of 50% equity shares in AACE by AirAsia (“Proposed Sale”).

On behalf of AirAsia, we wish to announce that AirAsia has received the sale consideration in accordance with the Share Purchase Agreement dated 24 August 2017 between AirAsia and CAE International Holding Ltd, and the Proposed Sale has been completed on 28 December 2017.

This announcement is dated 29 December 2017.





Announcement Info

Company Name AIRASIA BERHAD
Stock Name AIRASIA
Date Announced 29 Dec 2017
Category General Announcement for PLC
Reference Number GA1-29122017-00104