News
Capital A says no change to proposed restructure despite stock exchange notice
January 12th 2026
Capital A said its proposed restructure involving the transfer of its AirAsia group of airlines to AirAsia X (AAX) remained on track despite the local stock exchange rejecting a request for more time to complete the transaction. Read More » The company said the Bursa Malaysia decision not to approve the application had "no material impact" on the group’s ongoing corporate exercises. "There is no change to the group’s strategy," Capital A said. "The only effect is a slight revision to the completion timeline." One of the remaining steps in the corporate restructure is the distribution of AAX shares to Capital A shareholders. "The distribution remains subject to the completion of the private placement by AAX, as the new AAX shares must be issued before they can be distributed to entitled Capital A shareholders," Capital A said. "Following the approval granted by Bursa Securities to AAX for an extension to complete its private placement by 19 January 2026, Capital A’s timeline will align accordingly. Upon issuance, the new AAX shares will be allotted to Capital A shareholders as planned."
