News
Capital A requests more time to submit restructuring strategy
July 4th 2023
Capital A, the parent company of AirAsia group airlines, has applied to Malaysia’s stock exchange to delay its submission of a financial restructuring plan. Read More » “On behalf of the board of directors of the company, RHB Investment Bank Berhad announces it has submitted an application to Bursa Malaysia Securities Berhad for an additional period of three months, until October 7, 2023, to submit its regularisation plan,” Capital A said. On July 8, 2020, the Bursa Malaysia issued Capital A, then known as AirAsia Group, with a Practical Note 17 (PN17) notice due to its financial standing at the time. To continue to trade on the local stock exchange, a PN17 requires a company to submit and receive approval for a financial regularisation plan within a specified time.
