.... and just for the record.... 9 months left....


Pursuant to paragraph 4.1© of PN17 of the Main LR, the Board of Directors of the Company wishes to announce that the Company is in the midst of formulating a regularisation plan to address its financial condition. The regularisation plan is not expected to result in a significant change in the business direction or policy of the Company.

The Company has approximately 9 months to submit its regularisation plan to the relevant regulatory authorities for approval to implement the same, and shall make the necessary announcement(s) with regard to the development thereof accordingly.



Look at the fate of Brahim today...

Tony sure get extension

You write guarantee ah?



Ahhhh.... all I will say is... don't simply bet on it and then latter complain complain complain



p/s Remember AA had already been given chance sine April 2020.... and was given yet another chance June 2021......so do count big big the risk

p/s .... what real steps have we seen AA made to regularise its accounts?

what we have seen is a lot of hoo ha on their SuperApp (which was got few hundred millions of ringgit from their RCUL issue)... a change of name (any FS involved?) ...

p/s p/s how big and how deep is their hole?

and btw.... how many extension do you reckon Tony would require to fix a company that is currently in a 6.5 billion net liability position?

If not another Sapura in the making and which private entity will bailed out

https://www.theedgemarkets.com/article/capi...nned-us-listing

Capital A mulls fundraising options for planned US listing

Now trying to con those in US
And gets more international exposure....

how is this doing now?

like the walking dead, neither dead nor alive Hovering around 80+sen

So that free shares for Capital A still on going process right
?

Remember Tony said around September..

So EGM around August??

shud be ongoing, coz this is part of their strategy to escape PN17

Been like years under PN17 status...

Their foreign shareholding also not like old days... Wayy lower now....

RM6bil capital reduction for Capital A

https://www.freemalaysiatoday.com/category/...f-up-to-rm6bil/

I exited cap A with a profit but now I'm sitting on thinking to enter it again when it goes down.

Wahhh lucky you still make profit

Their shares keep dropped only...

Only recently little up...

Pump & dump.

Made 1k each time I entered & exit but still cannot cover the loses I made from before covid entering airlines.

AirAsia is in advanced discussions to place an order for at least 100 Airbus jets at next week's Paris Airshow, a deal likely to mark the introduction to its fleet of the planemaker's smallest jet, the A220, industry sources said.

AirAsia and Airbus declined to comment.
https://www.nst.com.my/business/corporate/2...jets-shift-a220

Everything is not right.

AirAsia talks with investors near conclusion

KUALA LUMPUR: Budget airline AirAsia is nearing the conclusion of talks with potential strategic investors as the Malaysia-based airline approaches the end of its restructuring process, its deputy group chief executive officer (CEO) Farouk Kamal says.

The airline, whose parent company Capital A was classified as financially distressed by Malaysia’s stock exchange in 2022, is arranging a RM1bil equity injection alongside financing for its extensive order book of new planes, Kamal said, speaking on a panel at the Reuters NEXT Asia summit.

Capital A Group CEO Tan Sri Tony Fernandes said in March that the RM1bil private placement was “done”, but has not disclosed the identity of the investors.

He declined to comment on a Bloomberg report in March that Saudi Arabia’s sovereign wealth fund was set to invest US$100mil.



Kamal said AirAsia was coming to the final conclusion of talks with investors “not just from an equity injection perspective, but from an overall transactions perspective”, and hopes to make an announcement in “due course”.

AirAsia, one of Asia’s largest low-cost carriers and one of Airbus’ largest customers, has around 360 planes on order.

Last Friday, AirAsia signed a memorandum of understanding with Airbus to buy 50 long-range A321XLR planes with conversion rights for another 20 of the single-aisle jets.

Fernandes said last week he hoped to exit the financially distressed status soon, once restructuring efforts are complete.

As part of this, Capital A is in the process of selling its AirAsia aviation business to long-haul unit AirAsia X to consolidate long- and short-haul operations under a single AirAsia brand. — Reuters

https://www.thestar.com.my/business/busines...near-conclusion

when is it gonna exit PN17? It took ages, man