Capital A Berhad’ (“Capital A”) has received the High Court of Malaya’s approval on capital reduction of RM5,507,594,000 today, marking the completion of all major steps required under Capital A’s regularisation plan. The regularisation plan will be completed upon lodgement of the High Court sealed order with the Registrar of Companies by next week.

Capital A Berhad (“Capital A”) has completed its aviation business disposal (AirAsia Berhad and AirAsia Aviation Group Limited) to AirAsia X Berhad (“AAX”), as disclosed in its announcement to Bursa Malaysia dated 16 January, marking the final chapter of its six-year restructuring journey and the start of its next journey.

Capital A Berhad (“Capital A” or “the Group”) today provided an update on its ongoing corporate exercises, marking a pivotal moment after six years of restructuring and setting the stage for the next phase of growth.

Capital A Berhad (“Capital A” or “the Group”) wishes to clarify that Bursa Securities’ decision not to approve Capital A’s application for an extension of time to complete the implementation of the Distribution has no material impact on the Group’s ongoing corporate exercises. There is no change to the Group’s strategy. The only effect is a slight revision to the completion timeline.