Capital A Seeks Bursa Securities' Approval To Extend Issuance Of PN17 Regularisation Plan Circular

KUALA LUMPUR, March 27 (Bernama) -- Capital A Bhd is seeking approval from Bursa Malaysia Securities Bhd for an extension until April 15, 2025, to issue the shareholder circular for its proposed Practice Note 17 (PN17) regularisation plan.

In a filing with Bursa Malaysia today, the low-cost carrier, through its adviser RHB Investment Bank Bhd, said that pursuant to Paragraph 9.33(1)(b)(i) of the Main Market listing requirements of Bursa Securities, the company must issue the circular to its shareholders within 14 market days after receiving Bursa Securities’ confirmation that it has no further comments.

On March 7, 2025, Capital A said Bursa Securities had approved its regularisation plan, marking a crucial step towards the company’s exit from the PN17 status.

Subsequently, its chief executive officer Tan Sri Tony Fernandes told reporters on March 10, 2025, that the group is expected to exit the PN17 status by May 2025.

-- BERNAMA