Our website is made possible by displaying non-intrusive online advertisements to our visitors.
Please consider supporting us by disabling or pausing your ad blocker.
Unless stated otherwise, the terms used herein shall carry the same meaning as those defined in the earlier announcements in relation to the Private Placement.
Reference is made to the earlier announcements dated 3 May 2021, 10 May 2021, 18 May 2021, 27 May 2021, 18 August 2021, 26 August 2021, 27 August 2021, 3 September 2021, 10 September 2021, 13 September 2021, 5 October 2021, 13 October 2021, 14 October 2021 and 18 October 2021 in relation to the Private Placement.
On behalf of the Board, UOBKH wishes to announce that after considering the uncertainty of the current market condition, the Board has decided to abort tranche 4 of the Private Placement. The placement funds received for tranche 4 of the Private Placement will be refunded to the respective placees.
This announcement is dated 27 October 2021.
We refer to DMB's announcements dated 2 November 2020, 8 January 2021, 27 January 2021 as well as the circular to shareholders dated 11 January 2021 in relation to the Disposal (“Circular”). Unless otherwise defined, capitalised terms used in this announcement shall have the same meanings as defined in the Circular.
The Board wishes to announce that the Disposal has been completed following the full settlement of the balance of the Disposal Consideration by WESB in accordance with the terms of the SPA.
For the avoidance of doubt, AAGB will not be classified as a PN17 listed issuer and will not be required to comply with the obligations under paragraph 8.04 and PN17 of the Main LR for a period of 18 months from the date of the First Relief Announcement. The Company will re-assess its condition and announce whether it continues to trigger any of the Suspended Criteria upon the expiry of the 18 months from the date of the First Relief Announcement.
OTHERS AIRASIA GROUP BERHAD ("AAGB" or "THE COMPANY") - BURSA MALAYSIA SECURITIES BERHAD ("BURSA")'S PN17 RELIEF MEASURES RESULTING IN AAGB TRIGGERING SUSPENDED CRITERIA BUT NOT CLASSIFIED AS A PN17 LISTED ISSUER