Capital A poised for transformation as it prepares regularisation plan with hopes of PN17 exit

Following the shareholders’ approval of Capital A Berhad (“Capital A” or the “Group”) for the disposal of its aviation business to AirAsia X (“AAX”), the Group today announce to Bursa Malaysia Securities Berhad (“Bursa Securities”) its proposed plan to regularise its financial position, which includes a capital reduction to set off against the accumulated losses of the Group. The final plan, expected to be submitted soon, aims to facilitate Capital A’s exit from its Practice Note 17 (“PN17”) status, and is designed to return the Group to a stronger financial standing, enabling future growth and strategic expansion.

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Capital A, English, Global, NewsGuest User