News


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

BackFeb 17, 2015
Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description DIVESTMENT OF 25% OF EQUITY INTEREST IN THE SHARE CAPITAL OF AAE TRAVEL PTE. LTD. (“JV COMPANY”) BY AIRASIA BERHAD (“AIRASIA” OR “THE COMPANY”) (“DIVESTMENT”)

 

 

On behalf of the Board of Directors of AirAsia (“Directors”), we wish to announce we have last night (16 February 2015) executed a Share Purchase Agreement (“SPA”) with Expedia, Inc., (“Expedia”), Expedia Southeast Asia Pte. Ltd., and AirAsia Exp Pte. Ltd., a wholly-owned subsidiary of AirAsia (“AirAsia Exp”) to divest a total of 6,144,280 ordinary shares of SGD1.00 each (“Sale Shares”) held by AirAsia through AirAsia Exp, representing 25% equity share in the share capital of the JV Company, to Expedia for a consideration of USD86,250,000 (or MYR306,187,500 at the exchange rate of 3.55) (less a proportion of stamp duties) (“Sale Consideration”) (collectively the “Transaction”). In connection with the SPA, AirAsia has also entered into certain amendments to existing agreements among AirAsia, the JV Company and Expedia.

Please refer to the attachment for further details.

 

This announcement is dated 17 February 2015.

 

 


Announcement Info

Company Name AIRASIA BERHAD  
Stock Name AIRASIA    
Date Announced 17 Feb 2015  
Category General Announcement
Reference No CM-150217-D2E23

Attachments

  1. Announcement-Divestment_of_25%_of_equity_interest_of_AAE_Travel_Pte._Ltd..pdf (Size: 31,883 bytes)