News

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

BackDec 24, 2019
Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description

AIRASIA GROUP BERHAD ("AIRASIA" OR "COMPANY")

ACQUISITION OF TELEPORT COMMERCE IN PRIVATE LIMITED (PREVIOUSLY KNOWN AS RC RED CARGO SERVICES PRIVATE LIMITED)

Reference is made to our announcement dated 11 September 2019 (“Announcement”). Unless otherwise defined, the abbreviations and definitions used in the Announcement made by the Company shall apply herein. 

The Company wishes to announce that the Share Subscription Agreement has been completed on 23 December 2019.

 

Accordingly, Teleport Everywhere Pte. Ltd. (an indirect wholly-owned subsidiary of the Company) holds 469,000 ordinary shares (equivalent to 67% shareholding) in Teleport Commerce In Private Limited (previously known as RC Red Cargo Services Private Limited). 

 

Teleport Commerce In Private Limited is now an indirect subsidiary of the Company. 

 

This announcement is dated 24 December 2019.





Announcement Info

Company Name AIRASIA GROUP BERHAD
Stock Name AIRASIA
Date Announced 24 Dec 2019
Category General Announcement for PLC
Reference Number GA1-13122019-00046