Bursa Filings


Updates On Discontinuance Of Legal Proceedings By And Against AirAsia Berhad And AirAsia X Berhad

Back Aug 15, 2022
Type Announcement
Subject OTHERS
Description

CAPITAL A BERHAD (FORMERLY KNOWN AS AIRASIA GROUP BERHAD) (THE "COMPANY") - UPDATES ON DISCONTINUANCE OF LEGAL PROCEEDINGS BY AND AGAINST AIRASIA BERHAD AND AIRASIA X BERHAD

We refer to our announcement dated 10 August 2022.


The Board of Directors of Capital A Berhad wishes to announce that, through a series of communications between AirAsia Berhad, AirAsia X Berhad (collectively, “AirAsia”) and Malaysia Airports Holdings Berhad (“MAHB”), the parties agreed to discontinue all civil suits between AirAsia and MAHB, which was effected by appropriate filings in court on 9 August 2022. Save for the mutual agreement to discontinue the legal proceedings, there was no other settlement agreement entered into by the parties.


This announcement is dated 15 August 2022.

 


Announcement Info

Company Name CAPITAL A BERHAD
Stock Name CAPITALA
Date Announced 15 Aug 2022
Category General Announcement for PLC
Reference Number GA1-15082022-00022