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BackMar 13, 2018
Type Announcement
Subject OTHERS
Description

AIRASIA BERHAD ("AIRASIA" OR "THE COMPANY") INCORPORATION OF WHOLLY-OWNED SUBSIDIARIES

The Board of AirAsia wishes to announce that AirAsia, had on 13 March 2018 incorporated two wholly owned subsidiaries (collectively, “Subsidiaries”) as follows:-

No.

Name

Company No.

Directors

Business Description

1.

RedCargo Logistics Sdn. Bhd. (“RedCargo”)

1271940-D

Mr. Tharumalingam A/L Kanagalingam and Mr. How Kim Lian

The provision of air cargo general sales services for the AirAsia and AirAsia X Group of Airlines.

2.

RedBox Logistics Sdn. Bhd. (“RedBox”)

1271939-P

Cik Aireen Omar and Mr. How Kim Lian

Technology based solution to facilitate door to door logistics movement of goods for domestic and international e-commerce businesses and bricks and mortar shops. The platform enables effortless delivery request creation and track and trace facility.

The issued share capital of both the Subsidiaries is RM2.00 respectively and will be increased in due course to cater to their respective operational needs.

The incorporation of the Subsidiaries is not expected to have any immediate effect on the issued and paid-up share capital or substantial shareholders’ shareholding in AirAsia.

The establishment of the Subsidiaries is also not subject to the approval of shareholders of the Company and any other regulatory authorities in Malaysia.

This announcement is dated 13 March 2018.





Announcement Info

Company Name AIRASIA BERHAD
Stock Name AIRASIA
Date Announced 13 Mar 2018
Category General Announcement for PLC
Reference Number GA1-13032018-00068