Story and image from AirAsia
Kuala Lumpur, Malaysia, May 8, 2025 – Capital A Berhad (“Capital A” or “the Company”) today announced that its shareholders and RCUIDS holders have unanimously approved a key resolution at the Company’s Extraordinary General Meeting (EGM), namely the Proposed Regularisation Plan comprising the capital reduction of up to RM6 billion.
This represents achievement of critical milestones in Capital A’s Proposed Regularisation Plan, designed to facilitate the Company’s exit from Practice Note 17 (PN17) status and reinforce its long-term financial resilience.
The capital reduction will allow the Company to clean up its balance sheet by offsetting the accumulated losses of the Company, presenting a clearer and healthier financial position.