News

AirAsia X Berhad ("AAX" Or The "Company") Outcome Of Court Convened Meetings Of Scheme Creditors

BackNov 12, 2021
Type Announcement
Subject OTHERS
Description

AIRASIA X BERHAD ("AAX" OR THE "COMPANY") OUTCOME OF COURT CONVENED MEETINGS OF SCHEME CREDITORS

(For consistency, the abbreviations used throughout this announcement shall have the same meanings as defined in the announcements dated 6 October 2020, 14 December 2020 and 18 October 2021, where applicable, unless stated otherwise or defined herein.)

 

We refer to the announcement dated 18 October 2021 in relation to the notice of the CCM for the Proposed Debt Restructuring involving the Scheme Creditors.

 

On behalf of the Board of Directors of AAX, Mercury Securities Sdn Bhd wishes to announce that the CCM for Class A Creditors has concluded and the Proposed Debt Restructuring has been approved by 100% of the Class A Creditors present and voting either in person or by proxy at the said CCM.

 

For the avoidance of doubt, the Proposed Debt Restructuring is only approved if the requisite majority of 75% of Class B Creditors and Class C Creditor also approve the same at their respective CCMs. Further announcements will be made once the CCMs for Class B Creditors and Class C Creditor have been concluded.

 

 

 

This announcement is dated 12 November 2021.




Announcement Info

Company Name AIRASIA X BERHAD
Stock Name AAX
Date Announced 12 Nov 2021
Category General Announcement for PLC
Reference Number GA1-11112021-00044