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

BackOct 11, 2012
Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description UPDATE IN RELATION TO CALL OPTION AGREEMENT BETWEEN AIRASIA BERHAD, TUNE INS HOLDINGS BERHAD AND TUNE MONEY SDN BHD

Pursuant to the announcement dated 20 April 2012, AirAsia Berhad (“AirAsia” or “the Company”) wishes to announce that the Company has today exercised its right under the Call Option Agreement with Tune Ins Holdings Berhad (formerly known as Tune Ins Holdings Sdn Bhd) (“TIH”) and Tune Money  Sdn Bhd dated 20 April 2012 to purchase 121,677,000 ordinary shares of RM0.10 each in TIH, for a consideration of RM16.0 million, which represents 20% of its current issued and paid up share capital of 608,385,080 shares. 

 

This announcement is dated 11th day of October 2012.

 

 

 

Announcement Info

Company Name AIRASIA BERHAD  
Stock Name AIRASIA    
Date Announced 11 Oct 2012  
Category General Announcement
Reference No CM-121011-46384