News


BackNov 19, 2020
Type Announcement
Subject MULTIPLE PROPOSALS
Description

AIRASIA X BERHAD ("AAX" OR THE "COMPANY")

- PROPOSED DEBT RESTRUCTURING
- PROPOSED CORPORATE RESTRUCTURING COMPRISING:-
(I) PROPOSED SHARE CAPITAL REDUCTION; AND
(II) PROPOSED SHARE CONSOLIDATION

(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

(For consistency, the abbreviations used throughout this announcement shall have the same meanings as defined in the announcement dated 6 October 2020 in relation to the Proposals (“Initial Announcement”), where applicable, unless stated otherwise or defined herein.)

 

Reference is made to the announcement dated 5 November 2020 in relation to the Proposals.

 

On 19 November 2020, Mercury Securities Sdn Bhd, on behalf of the Board, is pleased to announce that Bursa Securities has, vide its letter dated 19 November 2020, resolved to grant AAX an extension of time until 6 January 2021 to submit the application for the Proposed Share Consolidation and the draft Circular to the shareholders of AAX in relation to the Proposals pursuant to Paragraphs 13.16(1) and 9.33(1)(a) of the Main Market Listing Requirements of Bursa Securities respectively.

 

This announcement is dated 19 November 2020.





Announcement Info

Company Name AIRASIA X BERHAD
Stock Name AAX
Date Announced 19 Nov 2020
Category General Announcement for PLC
Reference Number GA1-19112020-00102



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