Capital A and AAX are working on their respective regularisation plans which entail the potential disposal of Capital A's aviation assets to AAX.
has submitted an application to Bursa Securities for a further three-month extension from April 29, 2023 until July 28, 2023 for the company to submit its regularisation plan to Bursa Securities.
AAX had previously submitted an application for a six-month extension up to April 28, 2023 for the group to submit its regularisation plan and the stock exchange approved this application, AAX said in a filing with Bursa Malaysia today. To recap, Capital A and AAX are working on their respective regularisation plans which entail the potential disposal of Capital A's aviation assets to AAX.
The deadline falls on April 28 for AAX to submit its regularisation plan to Bursa, followed by July 7 for Capital A. - Bernama
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