News
Capital A presents PN17 exit plan; sets EGM date
April 17th 2025
Capital A has issued its Circular to Shareholders on its Proposed Regularization Plan following Bursa Malaysia approval. Read More » Capital A has agreed to a capital reduction of up to RM6 billion (US$1.4 billion) under Section 116 of the Companies Act 2016. It allows the company to offset its accumulated losses and rationalize its balance sheet. As part of the regularization exercise, shareholders have approved the disposal of Capital A’s aviation business to AirAsia X. An Extraordinary General Meeting of the company will be held on May 7 to request shareholder support for the capital reduction. “This is a significant turning point for Capital A. Exiting PN17 is not only about restoring financial health, it is about unlocking the full potential of the incredible six businesses we have built in the last few years. We look forward to securing shareholder support on May 7,” Capital A CEO, Tony Fernandes, said.
