Bursa Filings
Transactions (Chapter 10 Of Listing Requirements) : Non Related Party Transactions
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description |
AIRASIA BERHAD ("AIRASIA" OR "THE COMPANY") JOINT VENTURE BETWEEN AIRASIA AND SATS LTD. ON A GROUND HANDLING PARTNERSHIP |
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The Board of Directors (“Board”) of AirAsia wishes to announce that AirAsia today has entered into the following transactions (the “Transactions”) in relation to a proposed joint venture with SATS Ltd. (“SATS”) (the “Joint Venture”):- a) share swap agreement to transfer 98% shares of Ground Team Red Sdn. Bhd., a wholly-owned subsidiary of AirAsia (“GTR Malaysia”) to Ground Team Red Holdings Sdn. Bhd., another wholly-owned subsidiary of AirAsia (“GTRH”) in exchange for 88.6% equity interest in GTRH. Contemporaneously, GTRH will acquire 80% equity stake in SATS Ground Services Pte. Ltd., currently a wholly-owned subsidiary of SATS (“SGS Singapore”) for SATS in exchange for 11.4% equity stake in GTRH; and b) a share sale agreement for AirAsia to sell 38.6% of its shareholding in GTRH to SATS (the “SSA”). Please refer to the attachment for further details. This announcement is dated 30th day of October, 2017. |
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Announcement Info
| Company Name | AIRASIA BERHAD |
| Stock Name | AIRASIA |
| Date Announced | 30 Oct 2017 |
| Category | General Announcement for PLC |
| Reference Number | GA1-30102017-00069 |
Attachments
- Bursa_Announcement_on_GTR_JV__(30_Oct_2017)_(FINAL).pdf (Size: 306,031 bytes)