|Subject||TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RECURRENT RELATED PARTY TRANSACTIONS
VARIATION BETWEEN THE ACTUAL VALUE AND ESTIMATED VALUE BY 10% OR MORE OF THE RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE
The Board of Directors of AirAsia X Berhad (“AAX”) wishes to announce that the actual value of the Recurrent Related Party Transactions ("RRPT") transacted with the related party, namely Teleport Everywhere Pte. Ltd. (“Teleport Everywhere”), pursuant to the existing shareholders' mandate obtained at the 15th Annual General Meeting held on 7 December 2021 has exceeded the estimated value of RRPT as disclosed in the Circular to Shareholders dated 29 October 2021 (“Circular”) by more than 10%.
Further details are set out below:
*the percentage of the variation between the Actual Value and Estimated Value is 64.2%.
**the exchange rate of USD1=RM4.19 has been used for the above currency translation.
This announcement is dated 7 March 2022.
|Company Name||AIRASIA X BERHAD|
|Date Announced||07 Mar 2022|
|Category||General Announcement for PLC|