KUALA LUMPUR: Capital A Bhd
clarified that Bursa Securities’ decision not to approve its application for an extension of time to complete the distribution will have no material impact on the group’s ongoing corporate exercises.
“There is no change to the group’s strategy. The only impact is a slight revision to the completion timeline,” Capital A said in a statement.
The distribution remains conditional on the completion of AirAsia X Bhd’s (AAX) private placement, as the new AAX shares must be issued before they can be distributed to entitled Capital A shareholders.
Following the approval granted by Bursa Securities to AAX for an extension to complete its private placement by Jan 19, 2026, Capital A’s timeline will align accordingly. Upon issuance, the new AAX shares will be allotted to Capital A shareholders as planned.
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