Bursa Filings


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

Back Jul 29, 2016

 

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description

AIRASIA BERHAD - BIG DATA FOR HUMANS APAC LTD JOINT VENTURE

AirAsia Berhad (“AAB” or the “Company”) is pleased to announce that MadCience Consulting Sdn Bhd (Company No.: 1134849-V) (“MC”), a wholly-owned subsidiary of AAB, has on 21 June 2016 entered into a joint venture with Big Data for Humans Ltd (Company No.: SC468952) (“Bd4h”) via the following agreements:

 

  • Loan Note Subscription Agreement (“LNSA”) with Bd4h for the subscription of 1,000,000 unsecured convertible loan note for a total subscription monies of GBP 1,000,000 (“Loan Notes”), of which up to GBP 500,000 shall be used to finance a joint venture operation between MC and Bd4h (the “Bd4h JV”); and

 

  • Joint Venture Agreement (“JVA”) with Bd4h for the formation of Big Data for Humans APAC Ltd (Company No.: SC536535) (“Bd4h APAC”), a joint venture company to establish and build a software for service data analytics business in the Asia Pacific region.

 

(the “Transactions”)

 

Please refer to the attachment for further details.

 

This announcement is dated 29 July 2016.



Please refer attachment below.

 


Announcement Info

Company Name AIRASIA BERHAD
Stock Name AIRASIA
Date Announced 29 Jul 2016
Category General Announcement for PLC
Reference Number GA1-29072016-00122

Attachments

  1. Bd4h_Announcement_(Final).pdf (Size: 141,857 bytes)