News


BackDec 31, 2025
Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description AIRASIA X BERHAD ("AAX" OR THE "COMPANY")

(I) PROPOSED ISSUANCE OF FREE WARRANTS;
(II) PROPOSED PRIVATE PLACEMENT;
(III) PROPOSED AAAGL ACQUISITION;
(IV) PROPOSED AAB ACQUISITION; AND
(V) PROPOSED SHARE CAPITAL REDUCTION

(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

(VI) PROPOSED GRANTING OF SUBSCRIPTION OPTIONS

(For consistency, the abbreviations used throughout this announcement shall have the same meanings as defined in the announcements dated 25 April 2024, 26 July 2024, 4 September 2024, 24 September 2024 and 29 September 2025 in relation to the Proposals and Proposed Granting of Subscription Options, where applicable, unless stated otherwise or defined herein.)

 

Reference is made to the Company’s announcements dated 25 April 2024, 26 July 2024, 1 August 2024, 4 September 2024, 12 September 2024, 24 September 2024, 16 October 2024, 24 October 2024, 24 January 2025, 24 March 2025, 30 May 2025, 31 July 2025, 26 August 2025, 28 August 2025, 18 September 2025, 29 September 2025, 17 October 2025, 29 October 2025, 4 December 2025 and 31 December 2025 in relation to the Proposals and Proposed Granting of Subscription Options.

 

On behalf of the Board, Berjaya Securities wishes to announce that the Company had on 31 December 2025 submitted an application to Bursa Securities seeking its approval for a further extension of time for the Company to complete the implementation of the Proposed Private Placement, Proposed AAAGL Acquisition and Proposed Granting of Subscription Options (“Proposed Extension of Time”).

 

For avoidance of doubt, the Proposed Extension of Time is not sought for the Proposed Issuance of Free Warrants as it has been completed on 31 December 2025, nor for the Proposed AAB Acquisition and Proposed Share Capital Reduction as these exercises are not proposals relating to an issuance of securities which are subject to an implementation deadline.

 

This announcement is dated 31 December 2025.


Announcement Info

Company Name AIRASIA X BERHAD
Stock Name AAX
Date Announced 31 Dec 2025
Category General Announcement for PLC
Reference Number GA1-31122025-00046