|Company Name||MALAYSIA AIRPORTS HOLDINGS BERHAD|
|Date Announced||15 Aug 2022|
|Category||General Announcement for PLC|
UPDATES ON DISCONTINUANCE OF LEGAL PROCEEDINGS WITH AIRASIA BERHAD AND AIRASIA X BERHAD
We refer to our Announcement dated 10 August 2022.
The Board of Directors of Malaysia Airports Holdings Berhad (“the Company”) wishes to announce that through a series of communications between the Company and AirAsia Berhad, and AirAsia X Berhad (collectively, “AirAsia”), the parties agreed to discontinue all civil suits between the Company and AirAsia, which was effected by appropriate filings in court on 9 August 2022. Save for the mutual agreement to discontinue the legal proceedings, there was no other settlement agreement entered into by the parties.
This Announcement is dated 15 August 2022.