Capital A, AirAsia X delay AAAGL share deal closing to Aug 31
The extension is for Capital A and AAX to satisfy the remaining AAAGL and AAB conditions precedent.
'This is to allow additional time for the Capital A and AAX to, among others, obtain the approval and/or consent of the relevant authorities, financiers/lenders and/or third parties as well as for AAX to finalise the definitive terms with the identified investors in relation to AAX's proposed pre-completion private placement exercise,' the companies said in a filing with Bursa Malaysia.
Meanwhile, AAX yesterday agreed to extend the period for the satisfaction or fulfilment of the relevant conditions precedent under the SSPAs which remain unsatisfied up to August 31, 2025.
'This is to allow more time for the company and the vendor (Capital A) to, among others, obtain the approvals and consents of the relevant authorities, financiers/lenders and/or third parties as well as for the company to finalise the definitive terms with the identified investors in relation to the proposed private placement,' it added. — Bernama
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