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AirAsia pays the RM3.64m arrangement with the Trust Commission over the purchase of MAS categories | Malaysia



Datuk Kamarudin Meranun will be speaking at a press conference following the official launch of the Medical Travel Market Research Conference (InsMT2018) in Kuala Lumpur September 3, 2018. - Photo by Mukhriz Hazim  t
Datuk Kamarudin Meranun will be speaking at a press conference following the official launch of the Medical Travel Market Research Conference (InsMT2018) in Kuala Lumpur September 3, 2018. – Photo by Mukhriz Hazim t

KUALA LUMPUR, 12 April – negotiated a RM3.64 million with the Securities Commission (SC) with AirAsia Group Ltd and co-founder of Datuk Kamarudin Meranun's division for 5.55 million of the Malaysian Airline Bline system (MAS). to buy there. August 2011.

The Edge Today, Kamarudin owns the 32.18 per cent case in AirAsia through his involvement in Tune Live Shride and Tune On Sd y Bhd.

The SC said that Kamarudin on 2 April agreed not to allow access or to refuse to submit a claim that the SC was proposing to stand up for receiving MAS sections.

The purchase of shares was purchased through account Ash Ashikin Khamis and Malizan Mahmood as contained within Section 188 (2) of the Capital and Services Markets Act 2007 (CMSA).

“The settlement was received following letters of application issued by the SC under the civil enforcement powers under its security laws. ”The SC was named as a saying.

“The amount gone from Datuk Kamarudin Meranun is three times the difference between the price for which each category was found and the price for which similar categories would have been purchased when they were purchased. If the information was generally available, he explained. t

The regulator added that there was also a director of AmanahRaya Investment Management Sdn Bhd, who is a wholly owned subsidiary of Amanah Raya Bhd, named Abdul Radzim Abdul Rahman, and one Mohamed Radzif Mohamed Shamsudin also settled on. 9th April with the SC for the sum of RM750,000 each. T

The SC said that both Radzim and Radzif 3.16 million and 2.5 million the separate MAS section were received.

Funds recovered will be reported to be used in accordance with Section 201 (7) of the CMSA.

On 9th August, 2011, MAS had engaged with the Full Collaborative Framework with AirAsia and AirAsia X Shr., Which had involved Khazanah Nasional Bhd and Tune Airds on Board.

Khazanah and Tune Tune into a division exchange agreement for the ownership of divisions, which resulted in the second owner acquiring 20.5 per cent in the national carrier while the wealth's wealth 10 t per cent in AirAsia.

The agreement on MAS was established as a full service high service service and AirAsia and AirAsia X would be low cost and intermediate travel carriers.

The agreement was, however, canceled eight months after the experience of the public.


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