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BackMar 05, 2019
Type Announcement
Subject OTHERS
Description

Acquisitions of shares in Touristly Travel Sdn. Bhd. ("Touristly") by RedBeat Ventures Sdn. Bhd. ("RedBeat Ventures"), a wholly-owned subsidiary of AirAsia Group Berhad ("AirAsia" or "the Company")

Pursuant to Paragraph 9.19(23) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of the Company wishes to announce that its wholly-owned subsidiary, Redbeat Ventures has on 4 March 2019 completed the acquisition of 629,130 ordinary shares in aggregate from Netrove Ventures Corporation, Jeffrey Saw Meng Lai and Wong Chin Kit (“the Acquisition”). Following the Acquisition, the Company's indirect shareholdings in Touristly through RedBeat Ventures increased from 50% to 74.6% resulting in Touristly becoming an indirect subsidiary of the Company.

 

Please refer to the attachment for further details. 

 

This announcement is made on 5 March 2019.

 


Announcement Info

Company Name AIRASIA GROUP BERHAD
Stock Name AIRASIA
Date Announced 05 Mar 2019
Category General Announcement for PLC
Reference Number GA1-05032019-00088

 

 

Please refer attachment below.

Attachments

  1. Bursa_Announcement_-_Acquisition_of_Shares_in_Touristly_-_final.pdf (Size: 41,889 bytes)