News
AirAsia parent requests more time to submit restructuring plan to local stock exchange
October 6th 2023
For the third time, Capital A, the parent company of AirAsia group airlines, has applied to Malaysia’s stock exchange to delay submission of a financial restructuring plan. Read More » The strategy document falls due on October 7. “On behalf of the board of directors of the company, RHB Investment Bank Berhad wishes to announce the company has, on 5 October 2023, submitted an application to Bursa Malaysia Securities Berhad for an extension of time to December 31, 2023 for submission of 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 because of 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.
