Bursa Filings
Acquisition Of Subsidiary Company
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Apr 10, 2008
| Type | Announcement |
| Subject | ACQUISITION OF SUBSIDIARY COMPANY |
| Contents | Pursuant to paragraph 9.19 (23) of the Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of AirAsia Berhad (the "Company" or "AirAsia") wishes to announce that it had today acquired 2 ordinary shares of par value RM1.00 each representing 100% of the entire issued and paid-up share capital of Aras Sejagat Sdn. Bhd. (Company No. 800730-V) (“Aras Sejagat”) for a cash consideration of RM2.00 ("the Acquisition") to be used as a special purchase vehicle with regard to any financing arrangements required and initiated by AirAsia. Aras Sejagat was incorporated on 26 December 2007 and presently has an authorised share capital of RM100,000-00 divided into 100,000 ordinary shares of RM1.00 each and issued and paid-up share capital of RM2.00 comprising 2 ordinary shares of RM1.00 each. Aras Sejagat is a dormant company. The Acquisition does not have any material effect on the earnings, net assets or gearing of AirAsia for the year ending 31 December 2008. None of the Directors and/or major shareholders of the Company or persons connected to them have any interest, direct or indirect in the Acquisition. This announcement is dated 10 April 2008 |
Announcement Info
| Company Name | AIRASIA BERHAD |
| Stock Name | AIRASIA |
| Date Announced | 10 Apr 2008 |
| Category | General Announcement |
| Reference No | CMC-080409-C8B0B |
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