CAPITAL A BERHAD

KLSE (MYR): CAPITALA (5099)

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Last Price

0.74

Today's Change

-0.075 (9.20%)

Day's Change

0.725 - 0.81

Trading Volume

42,165,700


127 people like this.

167,761 comment(s). Last comment by ken2004 9 hours ago

Good123

25,231 posts

Posted by Good123 > 2020-07-27 15:27 | Report Abuse

AAX Quarter Report History

FYNo.RevPBTPATEPSYoYDec1941,19642.82-95.81-2.303%Dec1931,015-157.10-229.89-5.5016%Dec1921,013-269.33-207.11-5.00260%Dec1911,16959.5243.331.004%Dec1841,14815.86-99.27-2.40218%Dec1831,077-247.84-197.47-4.80356%Dec1821,054-64.79-57.46-1.40221%

strattegist

23,459 posts

Posted by strattegist > 2020-07-27 15:30 | Report Abuse

red

xuxu

5,636 posts

Posted by xuxu > 2020-07-27 16:00 | Report Abuse

why wanna sell at 0.7? after the covid recoverred, it should be 2.5-3.0 haha

Good123

25,231 posts

Posted by Good123 > 2020-07-27 16:43 | Report Abuse

Companies Commission of Malaysia (SSM) data shows that MAS narrowed its net loss by 2.5% year on year to RM791.71 million in the financial year ended Dec 31, 2018 (FY2018) as revenue improved by a slight 0.8% y-o-y to RM8.74 billion. It had become technically insolvent in FY2018 after liabilities exceeded its assets by RM852.14 million. It has not yet filed its FY2019 financial statements with SSM.

Still, it is not just MAS that needs help. Malaysia-based AirAsia Group Bhd, AirAsia X Bhd and Malindo Airways Sdn Bhd have also sought government assistance although Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz has said the government would not provide direct aid to the aviation industry in general.

Sources say AirAsia will receive US$250 million in loans backed by Danajamin Nasional Bhd. This is in addition to its plans to raise capital of up to RM1.4 billion through equity financing. Last week, AirAsia group CEO Tan Sri Tony Fernandes was reported as saying that the carrier was looking to raise up to RM2 billion in the next six months.

Good123

25,231 posts

Posted by Good123 > 2020-07-27 16:45 | Report Abuse

The cash-strapped airline has cut capacity by 96% and grounded almost its entire fleet amid global travel restrictions. In March, MAS warned that it might go bust without government support, given the almost-nil revenue after the closure of the national airspace. The airline, which employs 13,000 employees, has refrained from downsizing its workforce so far.

Last month, MAS said it is realigning its long-term business plan (LTBP) — which was revealed last July — to the changing aviation landscape. The LTBP replaces the 12-point MAS Recovery Plan (MRP), which was announced in 2014 and ended last year. The new plan would have seen the national carrier achieve financial break-even by 2022 and generate enough income to cover the cost of capital for its operations two years after that. To keep its planes in the air, MAS was reportedly burning RM4 million cash a day before the Covid-19 pandemic took hold. This works out to RM1.5 billion a year.

Good123

25,231 posts

Posted by Good123 > 2020-07-27 16:46 | Report Abuse

mas - financial breakeven by 2022, AirAsia n aax? :)

strattegist

23,459 posts

Posted by strattegist > 2020-07-27 17:25 | Report Abuse

closed red

Good123

25,231 posts

Posted by Good123 > 2020-07-27 18:23 | Report Abuse

Kenyataan Akhbar KPK 27 Julai 2020 – Situasi Semasa Jangkitan Penyakit Coronavirus 2019 (COVID-19) di Malaysia

Kementerian Kesihatan Malaysia (KKM) ingin memaklumkan bahawa terdapat satu (1) kes yang telah pulih COVID-19 pada hari ini. Jumlah kumulatif kes yang telah pulih sepenuhnya dari COVID-19 adalah sebanyak 8,601 kes (96.6 peratus daripada jumlah keseluruhan kes).

Sehingga 27 Julai 2020 pukul 12:00 tengah hari, terdapat tujuh (7) kes baharu yang telah dilaporkan. Ini menjadikan jumlah kes positif COVID-19 di Malaysia adalah sebanyak 8,904 kes. Oleh itu, jumlah kes aktif dengan kebolehjangkitan COVID-19 adalah 179 kes. Mereka telah diasingkan dan diberi rawatan.

Untuk kenyataan penuh, baca lanjut di: https://kpkesihatan.com/2020/07/27/kenyataan-akhbar-kpk-27-julai-2020-situasi-semasa-jangkitan-penyakit-coronavirus-2019-covid-19-di-malaysia/

Good123

25,231 posts

Posted by Good123 > 2020-07-27 18:23 | Report Abuse

KUALA LUMPUR (July 27): The High Court today rejected AirAsia Group Bhd's and AirAsia X Bhd's (AAX) application for leave to commence judicial review proceedings against the Malaysian Aviation Commission's (Mavcom) imposition of a RM2 million penalty each on both the airlines for violating the Malaysian Aviation Consumer Protection Code 2016 (MACPC).

In her judgement after hearing the submissions from both sides, High Court judge Justice Datuk Seri Mariana Yahya ruled that Mavcom's decision to impose the penalties on AirAsia and AAX was legally appropriate and valid.

Justice Mariana noted that AirAsia and AAX were both reasonably given the right to be heard by Mavcom following the first penalties imposed. She also pointed out that Mavcom had the right to impose a higher penalty after both AirAsia and AAX were found to continue violating the consumer code.

"So this court finds that the respondent's (Mavcom) decision was right and legally valid. And this court rejects the applicants' (AirAsia and AAX) application to commence a judicial review against the respondent, with costs," she said.

The judge ruled that AirAsia and AAX would each have to pay Mavcom RM3,000 and the Attorney-General's Chambers RM2,000 for costs.

Mavcom in September 2019 imposed financial penalties of RM200,000 each for AirAsia's and AAX's first contravention of subparagraph 3(2) of the MACPC for charging credit card, debit card and online banking processing fees separate from their base fares.

As both AirAsia and AAX had been found to contravene subparagraph 3(2) of the MACPC again, even after the imposition of financial penalties on their first non-compliance, Mavcom in January 2020 decided to impose on both airlines a penalty of RM2 million each, being 10 times the financial penalties imposed in September 2019.

Section 69(4) of the Malaysian Aviation Commission Act 2015 (Mavcom Act 2015) states "the commission may impose a financial penalty for any non-compliance an amount not exceeding RM200,000, and in the case of a second or subsequent non-compliance, an amount 10 times of the financial penalty which was imposed for the first non-compliance".

Earlier, counsel Idza Hajar Ahmad Idzam from Zul Rafique

strattegist

23,459 posts

Posted by strattegist > 2020-07-27 21:59 |

Post removed.Why?

joe2020

247 posts

Posted by joe2020 > 2020-07-27 23:06 | Report Abuse

Moderna skyrockets 11% after receiving another $472 million of funding, starting Phase 3 trial of COVID-19 vaccine

hahasong

427 posts

Posted by hahasong > 2020-07-28 10:32 | Report Abuse

Many people go to buy Careplus and HLT

why?

Because the price of second-line stocks is low, the risk is low!

Good123

25,231 posts

Posted by Good123 > 2020-07-28 10:49 | Report Abuse




Slow growth: A Singapore Airlines A350-900ULR Airbus in flight. Its shares have slumped 43% this year, among the worst performers on a Bloomberg gauge of carriers in the Asia-Pacific region. — AFP

SINGAPORE: Singapore Airlines Ltd (SIA), consistently voted one of the world’s best airlines by Skytrax, is poised for another hefty quarterly loss after the coronavirus left it flying a tiny fraction of its usual number of passengers.

The airline warned this month that it expects a material operating loss in its fiscal first quarter. It already suffered a record net loss of S$732mil (US$530mil) in the three months through March, when it was hit by fuel-hedging losses as well as a collapse in demand triggered by the outbreak. That left the carrier with its first annual loss in its 48-year history.

The net loss could widen to S$1.2bil for the quarter through June and revenue may slump 87% because of a 96% drop in capacity, according to Bloomberg Intelligence analysts James Teo and Chris Muckensturm. Fuel-hedging losses will again take a toll, and this time there are also S$124mil in liquidation costs for NokScoot Airlines Co. SIA owned a 49% stake in the low-cost Thai carrier that collapsed in June.

The Covid-19 pandemic continues to torment the global aviation industry, which is forecast to take at least another three years to recover from the plunge in traffic caused by tight border controls and a reluctance to travel.

SIA is in a particularly tight spot as it is dependent on international flights. The carrier and its SilkAir and Scoot units flew 17,700 passengers in June, compared with 3.2 million a year earlier.

“Progress towards a global lifting of border controls and travel restrictions, which could facilitate or result in the easier movement of travelers between countries, is slower than earlier expected, ” SIA said on July 15.

The airline, which has raised about S$11bil through loans and a rights issue in June, will hold its annual general meeting soon and release a first-quarter business update after trading hours tomorrow.

SIA shares slipped 0.3% yesterday morning to S$3.61. They’ve slumped 43% this year, among the worst performers on a Bloomberg gauge of carriers in the Asia-Pacific region.

Unlike many of its peers, the carrier hasn’t cut any jobs, though it has redeployed some staff to work at hospitals and on the city state’s public transport network. The government is spending S$93bil – 20% of gross domestic product – to help people stay in work and support businesses.

Yet, job cuts aren’t being ruled out at SIA, the Straits Times cited chief executive Goh Choon Phong as saying last month. The carrier, whose shares are down 43% this year, had about 28,000 staff as of the end of March.

SIA is restoring some routes, but there have been setbacks as fresh outbreaks flare up in places such as Melbourne, forcing it to suspend services to the Australian city. The airline expects passenger capacity in August and September to be 7% of pre-pandemic levels. — Bloomberg

Good123

25,231 posts

Posted by Good123 > 2020-07-28 10:51 | Report Abuse



Tough time: Passenger aircraft operated by Ryanair stands on the tarmac at London Stansted Airport. Ryanair kicked off earnings season for European carriers yesterday by posting a loss for the June quarter. — Bloomberg

LONDON: Ryanair Holdings Plc issued a stark assessment of the threat to airlines as they seek to rebound from the coronavirus crisis, saying it’s concerned that a series of local lockdowns followed by a second wave of infection will hold back the recovery from the pandemic.

Ryanair kicked off earnings season for European carriers yesterday by posting a loss for the June quarter and saying it would lose money through the rest of the summer. While the restart of flights presents opportunities, the discount giant said it’s worried the virus could continue to roil demand for months to come.

“A second wave of Covid-19 cases across Europe in late autumn, when the annual flu season commences, is our biggest fear right now, ” the Irish company said.

Britain’s surprise reintroduction of a quarantine for people arriving from Spain threatens to quell resurgent demand at carriers like Ryanair that are heavily reliant on holiday traffic, and shows how the industry is treading a tightrope as it resumes flying with the virus still raging.

The company said the situation could be further compounded by “adverse trading consequences” if the UK completed its exit the European Union without a trade deal in January.

Shares of Ryanair, which deploys 4% of its group-wide capacity in the UK-Spain market, according to Citigroup analyst Mark Manduca, fell 2.8% as of 8:01am in Dublin yesterday, while EasyJet Plc, which has 5% of its seats there, was down 12%. Jet2 owner Dart Group was 8.9% and package holiday operator TUI AG was off 7.5%.

IAG SA, which owns Spanish network operator Iberia, lost 7.7%.

Ryanair, which predicted air travel will remain depressed for two or three years at least, had a loss of 185 million euros (US$217mil) in the fiscal first quarter, when its jets were largely idled and the customer count fell 99%.

While that’s better than the 200 million-euro-loss that the company forecast in May, the International Air Transport Association, among other trade groups, sees the crisis persisting for longer than first forecast, with bigger overall losses.

Sanford C. Bernstein analyst Daniel Roeska said in a note that Ryanair’s numbers offer some comfort to investors and that the carrier is “better-positioned than most to withstand negative shocks, but not immune.”

Ryanair, Europe’s biggest low-cost airline, restarted timetabled flights on July 1 and said in the statement it would operate about 40% of the normal schedule this month, rising to 60% in August and – “hopefully” – 70% in September.

Chief financial officer Neil Sorahan said the company’s aircraft are currently flying 70% full, compared with 97% in July last year. Bookings are also coming very late amid the uncertainty surrounding the reopening of borders and lingering restrictions on travel, though that should be positive for fares.

“There is a lot of pent-up demand, ” Sorahan said in an interview. “We’re seeing people, particularly those visiting friends and relations, very very keen to travel.” Setbacks such as the UK quarantine on Spanish arrivals will however “dent confidence for a period of time.”

Ryanair had 3.9 billion euros in cash at the end of June, up from 3.8 billion euros at the end of March, after locking down operations and tapping a UK government-backed loan. While there are no immediate plans to raise further funds, it would consider some refinancing to repay the British facility in March, as well as a bond maturing next summer, Sorahan said. — Bloomberg

ocpd

762 posts

Posted by ocpd > 2020-07-28 11:47 | Report Abuse

@good123 stop spamming this forum with your news

strattegist

23,459 posts

Posted by strattegist > 2020-07-28 12:59 | Report Abuse

red

Posted by nicedurians > 2020-07-28 13:47 | Report Abuse

Covid vaccine still at least 6 months away. If borders reopen will people start flying immediately? Cuti-cuti Malaysia who willing to spend money on domestic air tickets compare to alternative transport like rail, bus and even personal transport which is much cheaper? Santan, ourshop and ourfarm can compete with existing competitors? Enough revenue to sustain the company? All these are considerations before buying this stock

strattegist

23,459 posts

Posted by strattegist > 2020-07-28 13:54 | Report Abuse

red

Good123

25,231 posts

Posted by Good123 > 2020-07-28 14:16 | Report Abuse

after aax results, 50-60sen likely

Good123

25,231 posts

Posted by Good123 > 2020-07-28 14:19 | Report Abuse

big fall is coming after aax Results for Q1 results

Good123

25,231 posts

Posted by Good123 > 2020-07-28 14:20 | Report Abuse

second tumble after AirAsia , q2 results

Alfonso

3,116 posts

Posted by Alfonso > 2020-07-28 14:23 | Report Abuse

big fall after najib bro in hard time...

Good123

25,231 posts

Posted by Good123 > 2020-07-28 14:23 | Report Abuse

KUALA LUMPUR (July 28): The Ministry of Health (MOH) has continued Covid-19 active case detection and close contact tracing activities involving the Sentosa cluster in Kuching, Sarawak, to curb the spread of virus infection in the state, the Dewan Rakyat was told today.

Health Minister Datuk Seri Dr Adham Baba (pictured) said that from July 18 until yesterday, the MOH had tracked down 680 individuals who were contacts of the cluster and 21 tested positive, 587 tested negative while 72 were still waiting for results.

“Of the 21 positive cases, 16 were among MOH personnel, two were members of support services from the company that manages the facilities at the hospital, one was a patient and two others are close contacts or family members of the positive cases,” he said during the Ministers’ Questions Time today.

He said this in his reply to a question from Chong Chieng Jen (PH-Stampin) who wanted to know the MOH’s plans to address the spread of Covid-19 cases in Kuching, Sarawak, especially the Sentosa cluster which involved government hospital staff and frontliners.

Chong also wanted to know what additional measures were being taken by the MOH to protect and safeguard the welfare of every health worker, patient and member of the public in the hospital environment and to curb the spread of the Covid-19 infection, as well as assistance to all traders affected by the pandemic.

For more Parliament stories, click here.

newbie1111

1,842 posts

Posted by newbie1111 > 2020-07-28 14:52 | Report Abuse

The sudden reversal on Spain vacation is a warning to AA. Any route opening can suddenly be reversed.

Cyrogx6

183 posts

Posted by Cyrogx6 > 2020-07-28 15:03 | Report Abuse

never regret holding this crap counter. i will always tell myself to never hold airlines counter in my portfolio

strattegist

23,459 posts

Posted by strattegist > 2020-07-28 15:40 | Report Abuse

red

BigPro

688 posts

Posted by BigPro > 2020-07-28 15:43 | Report Abuse

After so much information and facts given, sharing, debate and alert here, also in other medias, all must move away from this airlines stock..

Posted by JamesRubin > 2020-07-28 16:03 | Report Abuse

I honestly feel so much for the airlines industry particularly for Airasia... This counter was the first counter of which i invested and made huge gains... So there's a sense of gratitude always... I've moved on to glove counters long ago and reaping benefits there... Sometimes you have to see at many angles as this is your hard earned money... meaning you may have take though decisions to ensure you don't completely lose out... Holding on to a hope may not be enough.... Look towards where the grass is greener.

hareesh

1 posts

Posted by hareesh > 2020-07-28 16:23 | Report Abuse

red

joe2020

247 posts

Posted by joe2020 > 2020-07-28 17:08 | Report Abuse

I am in travel agency business. I do not think a country like Malaysia whose depends a lot in tourism will let AirAsia collapse. Who will bring tourist to malaysia if this airlines collapse?

joe2020

247 posts

Posted by joe2020 > 2020-07-28 17:09 | Report Abuse

Who will take over a lot of departures slot in KLIA2 which is a hub of south east asia tourism ?

Posted by ElvaTsuen > 2020-07-28 17:09 | Report Abuse

Hope? nah, depends on the situation....

joe2020

247 posts

Posted by joe2020 > 2020-07-28 17:10 | Report Abuse

For a day trader or short term trader, they might lose a lot in this counter.

Posted by ElvaTsuen > 2020-07-28 17:10 | Report Abuse

Malaysia is full of surprise!

B4b4

7,583 posts

Posted by B4b4 > 2020-07-28 17:17 | Report Abuse

Wait for Covid19 vaccine. Coming otw

Victor Yong

8,271 posts

Posted by Victor Yong > 2020-07-28 17:29 | Report Abuse

Rather grab tune protect, not AirAsia and aax. Tune tak pernah rugi since IPO including Q1,2020

Posted by EatCoconutCanWin > 2020-07-28 17:30 | Report Abuse

Just drop la. Already know going to pn17.

Good123

25,231 posts

Posted by Good123 > 2020-07-28 17:34 | Report Abuse

Tony n kama will subscribe all right issues, sabar. probably 50-60sen

Good123

25,231 posts

Posted by Good123 > 2020-07-28 17:36 | Report Abuse

special Divided 80sen per share previously. Tony n kama Ada Wang subscribe right issue. harga tak tau Saja

Good123

25,231 posts

Posted by Good123 > 2020-07-28 17:37 | Report Abuse

right issue price tak tau Saja, tak bankrupt, i rasa

Good123

25,231 posts

Posted by Good123 > 2020-07-28 17:38 | Report Abuse

if tak yakin right issue, buy tune protect sebagai gantian bagi AirAsia dan aax.

strattegist

23,459 posts

Posted by strattegist > 2020-07-28 17:42 | Report Abuse

closed red

newbie1111

1,842 posts

Posted by newbie1111 > 2020-07-28 18:23 | Report Abuse

if AA collapse, new company will be setup to serve the demand, there are ample supply of planes and experienced crew in the market to make setting up the new airline cheaper than before.

JJchan

7,182 posts

Posted by JJchan > 2020-07-28 18:25 | Report Abuse

3.3bil shares Outstanding. 50cents RI will raise 1.5Bil ( 1 for 1 )

JJchan

7,182 posts

Posted by JJchan > 2020-07-28 18:32 | Report Abuse

problem is aax. If aax goes into PN17, Tune and Tony & Co got to raise Cash too

Windy1974

731 posts

Posted by Windy1974 > 2020-07-28 18:54 | Report Abuse

i concur that AA won't collapse. However, it doesn't make AA a good buy. If you buy stocks based on fundamental, then you would look at AA's PE. By having right issue, AA shaeholders will face dilution of their potential earnings in future. How much AA is worth really depends on how big the RI gonna be. As for recovery, i was optimistic during the RMCO but no more since Covid cases keep rising even in summer. Ask your friends, are they flying?
Before Covid 19, i take on average more than 100 flights a year. Now? I have 2 upcoming trips in September but now might abort it due to increase in cases. I personally not concern but my family members are. So, i won't be flying. For me, 2020 is gone as far as holiday is concerned. As for work, till now, cistomers don't wanna meet in person, so no point travel. AA would have to suffer for another 5 months minimum

Victor Yong

8,271 posts

Posted by Victor Yong > 2020-07-28 18:58 | Report Abuse

AA could sell its stake in tune protect first. Sell to insurance group.

THIRTY LARGEST ORDINARY SHAREHOLDERS OF THE COMPANY as at 31 May 2020 (tune protect)

Registered Holders
No. of
ordinary
shares
%

1. AirAsia Berhad 102,609,000 13.65
2. RHB Capital Nominees (Tempatan) Sdn Bhd
RHB Islamic Bank Berhad Pledged Securities Account for Tune Group Sdn Bhd
71,008,934 9.45
3. CIMB SI II Sdn Bhd 70,679,123 9.40
4. CIMB Group Nominees (Tempatan) Sdn Bhd
Pledged Securities Account for Tune Group Sdn Bhd (GCM CBM-SKY X)
44,000,000 5.85
5. Kumpulan Wang Persaraan (Diperbadankan) 27,938,100 3.72
6. DB (Malaysia) Nominee (Asing) Sdn Bhd
BNYM SA/NV for Ramam World Recovery Fund
10,223,700 1.36
7. Citigroup Nominees (Tempatan) Sdn Bhd
Employees Provident Fund Board (PHEIM)
10,191,800 1.36
8. Toh Ean Hai 5,300,000 0.71
9. Maybank Nominees (Tempatan) Sdn Bhd
Maybank Private Wealth Management for Lim Kian Onn (PW-M00543)(415941)
5,000,000 0.67
10. Citigroup Nominees (Asing) Sdn Bhd
CBNY for Emerging Market Core Equity Portfolio DFA Investment Dimensions Group Inc
4,524,400 0.60
11. HSBC Nominees (Asing) Sdn Bhd
JPMCB NA for Westpac Wholesale Unhedged International Share Trust
4,002,000 0.53
12. HSBC Nominees (Asing) Sdn Bhd
Exempt An for Bank Julius Baer & Co. Ltd. (Singapore BCH)
3,750,000 0.50
13. HSBC Nominees (Asing) Sdn Bhd
NTGS Lux for Univest
3,721,000 0.49
14. HSBC Nominees (Asing) Sdn Bhd
JPMCB NA for the National Farmers Union Mutual Insurance Society Ltd
3,668,000 0.49
15. Cimsec Nominees (Tempatan) Sdn Bhd
Pledged Securities Account for Tune Group Sdn Bhd (EDG&GCM)
3,480,000 0.46
16. CIMB Group Nominees (Asing) Sdn Bhd
Exempt An for DBS Bank Ltd (SFS)
3,150,000 0.42
17. Tan Seow Leng 3,049,000 0.41
18. DB (Malaysia) Nominee (Asing) Sdn Bhd
BNYM SA/NV for River and Mercantile Funds ICVC-River and Mercantile Global High Alpha
2,584,100 0.34
19. HSBC Nominees (Asing) Sdn Bhd
TNTC for the Health Foundation
2,317,900 0.31
20. Citigroup Nominees (Asing) Sdn Bhd
CBNY for DFA Emerging Markets Small Cap Series
2,311,500 0.31
21. HSBC Nominees (Asing) Sdn Bhd
JPMCB NA for WSSP International Equities Trust
2,298,500 0.31
22. Citigroup Nominees (Asing) Sdn Bhd
UBS AG for Maybank Kim Eng Securities Pte Ltd
2,291,900 0.30
23. Maybank Nominees (Tempatan) Sdn Bhd
Chua Eng Ho Wa'a @ Chua Eng Wah
2,285,000 0.30
24. HLB Nominees (Tempatan) Sdn Bhd
Pledged Securities Account for Loo Kee Seng
2,283,200 0.30
25. Maybank Nominees (Tempatan) Sdn Bhd
Pledged Securities Account for Su Tiing Uh
2,221,200 0.30
26. Citigroup Nominees (Asing) Sdn Bhd
CBNY for Dimensional Emerging Markets Value Fund
2,001,800 0.27
27. Gan Tuan Boon 2,000,000 0.27
28. Kenanga Nominees (Tempatan) Sdn Bhd
Lim Kok Khong (AA0039387)
2,000,000 0.27
29. Libra Capital Sdn Bhd 2,000,000 0.27
30. Maybank Nominees (Tempatan) Sdn Bhd
Pledged Securities Account for Ten Soon Lee
1,950,000 0.26

Victor Yong

8,271 posts

Posted by Victor Yong > 2020-07-28 18:59 | Report Abuse

Both aax and AirAsia are waiting for right issue, i guess. Won't close down

Good123

25,231 posts

Posted by Good123 > 2020-07-28 19:04 | Report Abuse

GENERAL MEETINGS: Notice of Meeting

AIRASIA GROUP BERHAD
Type of MeetingGeneralIndicatorNotice of MeetingDescriptionNOTICE OF THIRD ANNUAL GENERAL MEETING ("3RD AGM") OF AIRASIA GROUP BERHAD (THE "COMPANY") The 3rd AGM of the Company will be held as a fully virtual meeting via live streaming and online remote voting.Date of Meeting28 Sep 2020Time10:00 AM


Venue(s)Broadcast Venue at RedQ, Jalan Pekeliling 5
Lapangan Terbang Antarabangsa Kuala Lumpur (klia2)
64000 KLIA, Selangor Darul Ehsan
Malaysia


Date of General Meeting Record of Depositors18 Sep 2020


Resolutions


1. For Information

DescriptionTo receive the Audited Financial Statements together with the Reports of the Directors and Auditors thereon for the financial year ended 31 December 2019.Shareholder’s ActionFor Information Only

2. Ordinary Resolution 1

DescriptionTo approve the Non-Executive Directors' Remuneration for the period from 29 September 2020 until the next Annual General Meeting of the Company to be held in the year 2021.Shareholder’s ActionFor Voting

3. Ordinary Resolution 2

DescriptionTo re-elect Dato' Fam Lee Ee who is retiring by rotation pursuant to Rule 119 of the Company's Constitution and who being eligible had offered himself for re-election.Shareholder’s ActionFor Voting

4. Ordinary Resolution 3

DescriptionTo re-elect Dato' Mohamed Khadar bin Merican who is retiring by rotation pursuant to Rule 119 of the Company's Constitution and who being eligible had offered himself for re-election.Shareholder’s ActionFor Voting

5. Ordinary Resolution 4

DescriptionTo re-appoint Messrs Ernst

Doushan

83 posts

Posted by Doushan > 2020-07-28 20:53 | Report Abuse

Not gonna touch unless its 0.50

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