KUALA LUMPUR, Nov 30 (Bernama) — Capital A Berhad (formerly known as AirAsia Group Berhad) (“Capital A” or “Group”) has announced that it is seeking an extension of time from Bursa Malaysia Securities Berhad to submit a holistic regularisation plan to remedy its Practice Note 17 (“PN17”) status. The Group expects to announce the finalised regularisation plan to Bursa Malaysia Securities in January 2023 and followed by submission for approval targeted in February 2023.
This follows Capital A’s recent announcement that it is engaging RHB Investment Bank Bhd, BDO Consulting Sdn Bhd, Deloitte Corporate Advisory Services Sdn Bhd, Ernst & Young PLT, Adnan Sundra & Low, and Providence Strategic Partners to advise on its regularisation plan.