CAPITALA

0.650

-0.02 (-3%)

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS CAPITAL A BERHAD ("CAPITAL A" OR THE "COMPANY") LETTER OF OFFER FOR THE PROPOSED DISPOSAL BY THE COMPANY OF ITS 100% EQUITY INTEREST IN AIRASIA BERHAD, A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY ("AAB) ("PROPOSED AAB DISPOSAL") AND ITS 100% EQUITY INTEREST IN AIRASIA AVIATION GROUP LIMITED ("AAAGL"), A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY ("PROPOSED AAAGL DISPOSAL") TO AIRASIA X BERHAD ("AAX") ("LETTER OF OFFER")

CAPITAL A BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description
CAPITAL A BERHAD ("CAPITAL A" OR THE "COMPANY")

LETTER OF OFFER FOR THE PROPOSED DISPOSAL BY THE COMPANY OF ITS 100% EQUITY INTEREST IN AIRASIA BERHAD, A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY ("AAB) ("PROPOSED AAB DISPOSAL") AND ITS 100% EQUITY INTEREST IN AIRASIA AVIATION GROUP LIMITED ("AAAGL"), A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY ("PROPOSED AAAGL DISPOSAL") TO AIRASIA X BERHAD ("AAX") ("LETTER OF OFFER")

On behalf of the Board of Directors of the Company ("Board"), RHB Investment Bank Berhad wishes to announce that the Company had on 8 January 2024 entered into a non-binding letter of offer with AirAsia X Berhad ("AAX") for the Proposed AAB Disposal and Proposed AAAGL Disposal for a disposal consideration to be agreed upon by the Company and AAX at a later date (collectively "Proposed Aviation Business Disposal"). The Proposed Aviation Business Disposal entails the disposal by the Company of the entire issued share capital of AAB and AAAGL ("Sale Shares") to AAX or its nominated related corporation (as defined under the Companies Act 2016).

 

The Proposed Aviation Business Disposal is subject to the following:

 

(i) Capital A and AAX entering into a definitive share sale and purchase agreement for the Proposed Aviation Business Disposal ("Definitive Agreement"), the terms of which is subject to negotiations between Capital A and AAX; and 

 

(ii) The completion of the Definitive Agreement in accordance with the terms of the Definitive Agreement.

 

Further details of the Letter of Offer and the Proposed Aviation Business Disposal are set out in the attachment below.

 

 

This Announcement is dated 8 January 2024.




Please refer attachment below.



Announcement Info

Company Name CAPITAL A BERHAD
Stock Name CAPITALA
Date Announced 08 Jan 2024
Category General Announcement for PLC
Reference Number GA1-08012024-00017