Transactions (Chapter 10 Of Listing Requirements) : Non Related Party Transactions
|Subject||TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
SALE OF 25% ORDINARY SHARES IN AAE TRAVEL PTE LTD ("JV COMPANY") BY AIRASIA EXP PTE LTD ("AIRASIA EXP"), A WHOLLY OWNED SUBSIDIARY OF AIRASIA GROUP BERHAD ("AIRASIA" OR "THE COMPANY") ("TRANSACTION")
On behalf of the Board of Directors of AirAsia (“Directors”), we wish to announce that AirAsia Exp and AirAsia Berhad (“AAB”) (both wholly owned subsidiary of AirAsia) have executed a Share Purchase Agreement (“SPA”) with Expedia Southeast Asia Pte. Ltd. (“Expedia SEA”) and Expedia Inc (“Expedia”) on 14 August 2018 to sell AirAsia Exp’s entire shareholding in the JV Company which is 6,144,279 ordinary shares constituting approximately 25% of the total issued and outstanding shares to Expedia for a cash consideration sum of USD60,000,000 (or MYR240,000,000 at the exchange rate of USD1.00: MYR4.00) (“Purchase Consideration”), net of the concurrent purchase of AirAsiaGo.com domain names and related assets from the JV Company by Travel360 Sdn Bhd (“Travel360”) (a wholly owned subsidiary of AirAsia). In connection with the SPA, AirAsia Exp, AAB and/or Travel360 have also entered into certain agreements with Expedia, Expedia Inc and/or one minority shareholder of the JV Company, as the case may be:
(collectively, “Transaction Documents”).
Please refer to the attachment for full details of the Proposed Disposal.
This announcement is dated 14 August 2018.
|Company Name||AIRASIA GROUP BERHAD|
|Date Announced||14 Aug 2018|
|Category||General Announcement for PLC|
Please refer attachment below.
- AAGB-Proposed_Disposal.pdf (Size: 136,826 bytes)