Bursa Filings
Transactions (Chapter 10 Of Listing Requirements) : Recurrent Related Party Transactions
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RECURRENT RELATED PARTY TRANSACTIONS |
| Description |
AIRASIA GROUP BERHAD ("AirAsia" or "the Company") |
The Company wishes to announce that the actual value of the following RRPT has exceeded the estimated value of the RRPT disclosed in the Circular to Shareholders dated 28 April 2017 issued by its wholly owned subsidiary, AirAsia Berhad (“AAB”) (“Estimated Value”):-
|
Related Party |
Nature of Transaction |
Estimated Value |
Actual value of RRPT to date (RM) |
Variance |
Variance (%) |
|
Thai AirAsia X Co. Ltd (“TAAX”) |
Provision of the rights by AAB to TAAX as a licensee to operate scheduled air services under the trade name and livery of AirAsia |
USD3,970,942 (RM17,591,273) |
USD4,617,000 (RM18,098,640) |
USD646,058 |
16.3 |
The variance between the actual amount charged and the estimated value was due to the actual performance of TAAX which exceeded their budgets, in providing scheduled air services under the trade name and livery of AirAsia.
This announcement is dated 25 May 2018.
Announcement Info
| Company Name | AIRASIA GROUP BERHAD |
| Stock Name | AIRASIA |
| Date Announced | 25 May 2018 |
| Category | General Announcement for PLC |
| Reference Number | GA1-24052018-00096 |