News


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

BackDec 02, 2015
Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description
AIRASIA BERHAD
ACQUISITION OF 73% EQUITY STAKE IN THE SHARE CAPITAL OF TUNE BOX SDN. BHD. ("TUNE BOX") BY AIRASIA BERHAD

Pursuant to Paragraph 10.08(1) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa Securities”), the Board of Directors (“the Board”) of AirAsia Berhad (“AirAsia” or “the Company”) wishes to announce that the Company has acquired 780,000 ordinary shares of RM1.00 each and 96,000 ordinary shares of RM1.00 each in the share capital of Tune Box from Caterham Technology and Innovation Limited (“Caterham”) and Mr. Clarence Lim Kee Kiat (“Clarence Lim”) respectively, equivalent to 73% of the total issued and paid-up capital of Tune Box, at par value per ordinary share or for a total cash purchase consideration of RM876,000 from the Company’s internal generated funds (collectively “the Transaction”).

 

Please refer to the attachment for further details.

 

This announcement is dated 2 December 2015.

 

 


Announcement Info

Company Name AIRASIA BERHAD
Stock Name AIRASIA
Date Announced 02 Dec 2015
Category General Announcement for PLC
Reference Number GA1-02122015-00023

Attachments

  1. Tune_Box_Bursa_Announcement_Acquisition_And_Agreement_(Final)(02122015)-u.pdf (Size: 138,795 bytes)