Bursa Filings
Incorporation of A Wholly Owned Subsidiary In The Federal Territory Of Labuan
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Oct 29, 2008
| Type | Announcement |
| Subject | AIRASIA BERHAD (“AirAsia” or “the Company”) - INCORPORATION OF A WHOLLY OWNED SUBSIDIARY IN THE FEDERAL TERRITORY OF LABUAN |
| Contents | AirAsia is pleased to announce that it has incorporated a wholly-owned subsidiary in the Federal Territory of Labuan, Malaysia known as AirAsia Corporate Services Limited ("AACSL”) (the "Transaction"). The objective of establishing AACSL is to meet the internal corporate financial and operational needs of the Company and AirAsia Group, including facilitating business transactions of AirAsia Group with non-resident goods and services providers. Information on AACSL. AACSL is a limited liability company and it was incorporated on 21 October 2008 and the Company received the certificate of incorporation on 28 October, 2008. The present authorised share capital of AACSL is USD250,000.00 divided into 250,000 ordinary shares of USD1.00 each of which USD1.00 has been paid up. The Company is in the process of increasing the paid up capital to USD1,000.00 divided into 1,000 ordinary share of USD1.00. Financial effects of the Transaction. The Transaction is not expected to have any material effect on the earnings and net tangible assets of the AirAsia group for the financial year ending 31 December 2008. Directors' and/or Substantial Shareholders' and/or Persons Connected with Directors or Substantial Shareholders' Interest. To the best of the knowledge of the Company, none of the Directors or Substantial Shareholders of the Company and/or persons connected to them has any interest, directly or indirectly, in the above Transaction. This announcement is dated 29 October, 2008. |
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Announcement Info
| Company Name | AIRASIA BERHAD |
| Stock Name | AIRASIA |
| Date Announced | 29 Oct 2008 |
| Category | General Announcement |
| Reference No | CM-081029-56602 |