Practice Note 17 / Guidance Note 3 : Monthly Announcement
|Subject||PRACTICE NOTE 17 / GUIDANCE NOTE 3
CAPITAL A BERHAD (FORMERLY KNOWN AS AIRASIA GROUP BERHAD) (THE "COMPANY")
MONTHLY ANNOUNCEMENT PURSUANT TO PRACTICE NOTE 17 OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD
Reference is made to the Company’s announcements dated 14 January 2022, 3 February 2022, 1 March 2022, 1 April 2022, 5 May 2022, 1 June 2022, 1 July 2022, 1 August 2022,1 September 2022 and 3 October 2022 (“Announcements”).
(Unless otherwise stated, the words and abbreviations used herein shall have the same meaning as those defined in the Announcements.)
Pursuant to paragraph 4.1(c) of PN17 of the Main LR, the Board of Directors of the Company wishes to announce that the Company is in the midst of formulating a regularisation plan to address its financial condition.
The Company wishes to announce that the Company has engaged RHB Investment Bank to assist in the formulation and/or evaluation of possible proposals with the aim of developing a proposed regularisation plan to regularise its PN17 condition. In addition, the Company has also engaged the following advisers for the formulation of the aforementioned regularisation plan:
1. Messrs Adnan Sundra & Low as the Due Diligence Solicitors;
Other professional advisers namely Independent Market Researcher and Independent Adviser will be announced upon official appointment.
The Company has approximately 2 months to submit its regularisation plan to the relevant regulatory authorities for approval to implement the same, and shall make the necessary announcement(s) with regard to the development thereof accordingly.
|Company Name||CAPITAL A BERHAD|
|Date Announced||01 Nov 2022|
|Category||General Announcement for PLC|