News


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

BackJan 27, 2015

 

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description AirAsia Berhad (“AirAsia”) subscription of 40% equity stake in Tune Money Sdn Bhd (“Tune Money”) and Commercial Agreement and Merchant Agreement with Tune Money

Pursuant to Paragraph 10.08(1) of the of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa Securities”), the Board of Directors (“Board”) of AirAsia Berhad (“AirAsia” or “the Company”) wishes to announce that the Company has entered into a Shareholders’ Agreement (“SHA”) with Tune Money International Sdn Bhd (“TMI”) and Tune Money, and a Subscription Agreement (“SSA”) with Tune Money, both on 26 January 2015 for the subscription of 54,000,000 new ordinary shares of RM0.10 each (“Shares”) representing 40% equity interest in the enlarged issued and paid-up share capital of Tune Money for a cash consideration of RM10 million or approximately RM0.185 per share (collectively “the Transaction”) from its internal generated funds.

 

AirAsia would also like to announce that the Company has entered into a Commercial Agreement and Merchant Agreement (collectively known as “CA”) with Tune Money on the even date for the sale and distribution of prepaid card products developed by Tune Money to be targeted and marketed to, amongst others, the AirAsia customers.

 

Please refer to the attachment for further details.

 

This announcement is dated 27 January 2015.

Announcement Info

Company Name AIRASIA BERHAD  
Stock Name AIRASIA    
Date Announced 27 Jan 2015  
Category General Announcement
Reference No CM-150127-63360

Attachments

  1. Tune_Money_Bursa_Announcement_Acquisition_And_Agreement_FINAL_JS_AR270115.pdf (Size: 282,002 bytes)