News


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

BackOct 06, 2015
Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description

AIRASIA BERHAD ACQUISITION OF 60% EQUITY STAKE IN TUNE MONEY SDN BHD

The Board of AirAsia Berhad (“AirAsia” or “the Company”) wishes to announce that the Company has entered into a Share Sale Agreement (“SSA”) with Tune Money International Sdn Bhd (“TMI”) on 6 October 2015 for the acquisition of 81,000,000 ordinary shares of RM0.10 each (“Shares”) representing 60% equity interest in the issued and paid up ordinary share capital of Tune Money Sdn Bhd (“Tune Money”) and 22 redeemable preference shares of RM0.10 each (“RPS”) representing 100% of the issued and paid up redeemable share capital of Tune Money, that are currently held by TMI for a cash consideration of RM6.36 million, or approximately RM0.038 per ordinary share and RM150,000 per RPS (“the Transaction”), financed by the Company’s internally generated funds.

Please refer to the attachement for further details.

This announcement is dated 6 October 2015.

 


Announcement Info

Company Name AIRASIA BERHAD
Stock Name AIRASIA
Date Announced 06 Oct 2015
Category General Announcement for PLC
Reference Number GA1-06102015-00094

Attachments

  1. TMI__AAB_Announcement__06102015.pdf (Size: 142,004 bytes)