42. SIGNIFICANT EVENTS (i) Private placement During the financial year, the Company completed the private placement of 470.2 million shares at RM336.5 million as disclosed in Note 31. (ii) Acquisition of remaining 20% equity interest in BIGLIFE Sdn Bhd On 21 June 2021, the Group completed acquisition of the remaining equity interest in BIGLIFE for a purchase consideration of RM103 million to be satisfied wholly via issuance of 85.9 million new ordinary shares of the Company at an issue price of RM1.20 per share as disclosed in Note 12 and Note 31 respectively. (iii) Acquisition of Velox Technology (Thailand) Co Ltd On 27 July 2021, the Group completed the acquisition of Velox Technology (Thailand) Co Ltd. for a purchase consideration of USD40 million. The impact of the acquisition is as disclosed in Note 12. (iv) Acquisition of Delivereat Sdn Bhd On 4 November 2021, the Group acquired 100% of the equity interest in DeliverEat, a local Malaysia food delivery platform, valued at USD9.8 million (equivalent to RM41 million). The impact of the acquisition is as disclosed in Note 12. (v) Restructuring of AAV On 15 December 2021, the Group completed its disposal of its shares in TAA and acquired shares in Asia Aviation Public Company Limited (“AAV”), the holding company of TAA. Further information and impact of the said restructuring is as disclosed in Note 14. (vi) Completion of RCUIDS On 12 July 2021, the Company announced that it proposed to undertake a renounceable rights issue of up to RM1,024,058,370 in nominal value of a 7-year RCUIDS of RM0.75 on the basis of 2 RCUIDS with 1 free detachable warrant for every 6 ordinary shares in the Company. Based on the nominal value of the RCUIDS of RM0.75 each, the Proposed Rights Issue will result in the issuance of up to 1,365,411,160 RCUIDS together with up to 682,705,580 new warrants. The above proposal was approved by shareholders at an Extraordinary General Meeting held on 11 November 2021 and the RCUIDS exercise is completed on 31 December 2021 as disclosed in Note 28. 43. OTHER MATTERS Litigations involving AAB and Malaysia Airports (Sepang) Sdn Bhd (“MASSB”) In prior years, AirAsia Berhad (“AAB”), a wholly owned subsidiary of the Company, received a Writ of Summons and Statement of Claim (“Claim”) dated 10 December 2018 and on 31 January 2019, Malaysia Airports (Sepang) Sdn Bhd (“MASSB”) filed claims at the High Court of Malaya at Kuala Lumpur, claiming the additional RM23 per Passenger Services Charges (“PSC”) which AAB was required to collect effective 1 July 2018. On 18 July 2019, the Kuala Lumpur High Court, inter alia, allowed MASSB’s application for summary judgment against AAB and ordered AAB to pay MASSB: (a) RM9,395,856.50 in outstanding PSC and RM90,055.50 in outstanding LPC for Suit 816; and (b) RM4,614,329.00 in outstanding PSC and RM40,577.47 in outstanding LPC for Suit 58. On 22 July 2019, AAB filed appeals in the Court of Appeal against the aforesaid High Court decision. F I N A N C I A L S T A T E M E N T S A N N U A L R E P O R T 2 0 2 1 3 1 1
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