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Transactions (Chapter 10 Of Listing Requirements) : Non Related Party Transactions

BackFeb 02, 2018
Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description

PROPOSED DISPOSAL BY MAHB OF ITS ENTIRE 11% EQUITY
INTEREST IN GMR HYDERABAD INTERNATIONAL AIRPORT
LIMITED (GHIAL) (PROPOSED DISPOSAL)

The Board of Directors (“Board”) of MAHB wishes to announce that MAHB together with its wholly owned subsidiary, MAHB (Mauritius) Private Limited (“MAMPL”) (MAHB and MAMPL are hereinafter collectively referred to as “Sellers”), have on 2 February 2018 entered into a Share Purchase Agreement (“SPA”) with GMR Airports Limited (“GMR Airports” or the “Purchaser”) for the disposal of all of the 41,580,000 equity shares of Rs.10 each which represents 11% of the total issued and paid-up share capital of GHIAL to GMR Airports, for a cash consideration of USD76.05 million (approximately RM295.34 million) subject to the terms and conditions contained in the SPA (“Transaction”).



Please refer attachment below.

 


Announcement Info

Company Name MALAYSIA AIRPORTS HOLDINGS BERHAD
Stock Name AIRPORT
Date Announced 02 Feb 2018
Category General Announcement for PLC
Reference Number GA1-02022018-00092

 

Attachments

  1. Announcement_-_Attachment.pdf (Size: 649,062 bytes)