OTHERS AIRASIA X BERHAD ("AAX" OR THE "COMPANY") REPORT ON THE FINDINGS OF THE INDEPENDENT INTERNAL INQUIRY CONDUCTED BY BDO GOVERNANCE ADVISORY SDN. BHD. ("BDO")
AIRASIA X BERHAD |
Type | Announcement |
Subject | OTHERS |
Description | AIRASIA X BERHAD ("AAX" OR THE "COMPANY") REPORT ON THE FINDINGS OF THE INDEPENDENT INTERNAL INQUIRY CONDUCTED BY BDO GOVERNANCE ADVISORY SDN. BHD. ("BDO") |
For consistency purposes, abbreviations and definitions used throughout this announcement shall have the same meanings as those previously defined in the announcements made by the Company on 5 February 2020 and 11 February 2020.
Reference is made to the Company’s announcements on 5 February 2020 and 11 February 2020 on the formation of the Board Committee comprising of the Non-executive members of the Board (“Committee”) and the appointment of BDO Governance Advisory Sdn. Bhd. (“BDO”) as the independent expert in assisting the Committee in undertaking the independent review.
As an update, the Company wishes to announce that BDO has on 16 March 2020 presented their report on the findings of the independent internal inquiry conducted by BDO to the Committee and circulated the final report to the Committee on 20 March 2020. The Committee has, upon review of the said report from BDO, accepted the final report issued by BDO. In summary, the findings of BDO are as follows:
The report has now been circulated to and accepted by the Board (excluding Tan Sri Anthony Francis Fernandes and Datuk Kamarudin bin Meranun).
This announcement is dated 20 March 2020. |
Announcement Info
Company Name | AIRASIA X BERHAD |
Stock Name | AAX |
Date Announced | 20 Mar 2020 |
Category | General Announcement for PLC |
Reference Number | GA1-20032020-00046 |