Asia Aviation Public Company Limited (SET: AAV) has informed the Stock Exchange of Thailand that, with reference to the news appearing in the media regarding a tender offer for the company’s securities, as of the date of this announcement, the company has not received any information or communication from the person(s) who required to make the tender offer, and there has been no additional information beyond what has previously been clarified.
AAV noted that it will immediately notify the Stock Exchange of Thailand upon receiving any further information or developments on the matter and will comply with all applicable rules and regulations of the relevant regulatory authorities, as well as disclose information in accordance with the requirements of the Stock Exchange of Thailand.
Last October, it was reported that Capital A, which holds a 41% stake in AAV, recently carried out an internal restructuring of its aviation segment, transferring assets to AirAsia X (AAX). Subsequent to this move, AAX sought an exemption from the Securities and Exchange Commission (SEC) for launching a tender offer, citing the internal nature of the reorganization. However, the SEC declined the exemption request. As a result, AAX is now obligated to proceed with a tender offer.
