Responsibility for fraudulent trading 540. (1) If in the course of the winding up of a company or in any proceedings against a company it appears that any business of the company has been carried on with intent to defraud the creditors of the company or creditors of any other person or for any fraudulent purpose, the Court on the application of the liquidator or any creditor or contributory of the company, may, if the Court thinks proper so to do, declare that any person who was knowingly a party to the carrying on of the business in that manner shall be personally responsible, without any limitation of liability, for all or any of the debts or other liabilities of the company as the Court directs.
Just a silly question, in case outbreaks lose control in China, and China needs a lot of medical supplies, will they use air or sea for shipments?
Another one, how much the outbreaks in locked-down China (no one in and out) affect other countries which have been flooded already with Omicron cases? Will the outbreaks probably make China open border sooner than it supposed? Just some silly questions, don't flame ah!
PN17 Airasia not even refund flight tickets.. and so much debt on hand.. They some more apply for digital banking license to get more cash from consumer. It would be crazy if bank negara give them to digital banking license via Bigpay.
Those who said not refund, come on guys, is airasia really not refunding or just fake comment? Im still flying with airasia and my tickets were refund without any problems, STOP CREATING FAKE comments!
In late March, AirAsia Group CEO Tan Sri Tony Fernandes has said in a video posted on the social media that AirAsia had around 450,000 customers who had yet to be refunded.
@ Danny Archer Agreed your point. As both Tony/Kharuiddin is the main s/h, the least they can do now is to instill to public their confidence in their own founded co. They may restrict the amount as a guarantor up to the % of their shareholding in the company. Or if not at least a certain fixed amount just to show to public their confidence in the co. No one else know better than them the inside out condition of the co. than them. No one want to see AA gone bust as many still hope to see AA survive this crisis as everyone still hopeful of getting a refund including me.
this co is dying. travel is not much now. nowadays business prefer meeting online not before covid, meeting face to face. now fuel price increasing, flight not as many as before covid...even before covid this co is making loss,, now with less flight, high fuel how to make money..kahkahkah everyday day by day loss every seconds...haha how to survive la..bukit kalau hari2 kena tarah jadi rata jugak akhirnya...kihkihkih
@wongsam16 The frogs inside a well, will see the sky as big as the well mouth...needless to explain much, just share and go as you do, the shared news are for the investors to read and judge, the frogs will still see only the same sky and quack for "refund" all day long. Frogs hate snake too.
The frogs may spot an AA plane flies over their well once in a while, and the frogs think the plane is the "castle in the sky". That's enlightening though!
what type of negative effect will PN17 have?? will it ever come out of PN 17? When international border is opened on 1st April, do u think the shares will rise up?
MyAirline is a ponzi scheme. You go read about it. It was started by Datuk Goh, founder of i-serve, which was raided by BNM last year for running some scam. And who are the major shareholders of MyAirline? you go check, it is Trillion Cove, another company by Datuk Goh, a loan sharking business.
This MyAirline is a pyramid scam, Datuk Goh will send his agents to recurit people to invest, 30% return per year if you invest RM500K, and they promised you will get a piece of it when they go IPO.
They said the same thing with i-serve, will go IPO soon, invest now. Then they say the same thing with their k8xpress, gomart and season grocery.... invest now and they will beat FamilyMart and 99 and then dominate the industry and go IPO, you will be a millionaire.... all lose money. Now they do airline scam... like moonspace airline scam, remember that airline scam? go google.
problem with PN17 mainly these few things 1) hard to come up with loans, banks will avoid or charge higher interest rate 2) investor will think twice, as company is having financial problem. imagine you get loan to increase more debt, your money is used to finance debt instead of business growth/expansion. 3) PN17 companies have tendency to file bankruptcy / delisted. lets pray that dont happen someone like few months back also mention government bail out. between MAS / AIRASIA you think government will bail who out? future for this counter not so bright, but theres hope. just dont expect much. i lost hope this counter after it got into pn17, after that much fund raising via private placement and right issue.
then comes the name change to CAPITALA, reason.... we dont do aviation anymore but diversify. bloody hell aviation is their core business cant get it right. like their core was cheap low cost flights, which is impossible now due to pandemic 1) hard to have fully booked planes, less traveling 2) covid SOP cost 3) decrease in rate of flying, planes on land means $$ lost 4) lol didnt expect this 1 OIL PRICE through the ROOOF their core business model is impossible, thats why they wanted to diverse, whole thing in shambles. this was shared by someone during like airasia was flagged pn17 but goverment rules gave them relief measure
tldr AIRASIA core business model failed. risk of new entry of diversified business + debts from aviation + pn17. not looking good, even CEO dont want to be guarantor shows you the lack of confidence in the company.
AirAsia Aviation Group Ltd (AAAGL), the airline holding company under Capital A Bhd, has announced the formation of a new board of directors along with four fresh appointments. The new directors are Suvabha Charoenying, Lim Serh Ghee, Francisco Ed. Lim and Tan Sri Mohamad Norza Zakaria. (The Edge)
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
i3lurker
13,685 posts
Posted by i3lurker > 2022-03-16 00:19 | Report Abuse
Responsibility for fraudulent trading
540. (1) If in the course of the winding up of a company or in
any proceedings against a company it appears that any business
of the company has been carried on with intent to defraud the
creditors of the company or creditors of any other person or
for any fraudulent purpose, the Court on the application of the
liquidator or any creditor or contributory of the company, may,
if the Court thinks proper so to do, declare that any person who
was knowingly a party to the carrying on of the business in that
manner shall be personally responsible, without any limitation
of liability, for all or any of the debts or other liabilities of the
company as the Court directs.