KLSE (MYR): CAPITALA (5099)
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Last Price
0.84
Today's Change
+0.03 (3.70%)
Day's Change
0.81 - 0.85
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12,258,400
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167,692 comment(s). Last comment by paulthesotong 20 hours ago
2024-07-27
alenac
2,647 posts
Posted by alenac > 2022-02-25 15:49 | Report Abuse
Mana mau cari RM7.4 bill, and leasing liability of RM13.9 bill in the medium term? Likely to crash sooner or later.
The research house CGS-CIMB pointed out that satisfying Bursa Malaysia involves restoring shareholders’ equity to at least 50% of Capital A’s RM8.5 billion in paid-up share capital — a tall order considering the company had a negative shareholders’ funds position of RM3.2 billion at Sept 30.
“In order to be uplifted from PN17, it will need a RM7.4 billion boost to its shareholders’ funds on a pro forma basis,” it said in a note.
One likely accounting option to reduce the gap would be for Capital A to obtain shareholders’ and court approval for a capital reduction, it said, something that would make it less onerous to meet the 50% target.........................
AirAsia’s lease liabilities amounted to RM13.9 billion as of the third quarter of 2021. It had managed to rewrite 17 leases involving a waiver of RM187.8 million, but it still has over 140 aircraft leases to be renegotiated.
https://www.freemalaysiatoday.com/category/highlight/2022/02/25/airasi...