KLSE (MYR): CAPITALA (5099)
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Last Price
0.765
Today's Change
0.00 (0.00%)
Day's Change
0.76 - 0.775
Trading Volume
5,369,400
2024-09-02
2024-09-02
2024-08-30
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2024-08-23
Sslee
5,929 posts
Posted by Sslee > 2023-09-16 09:45 | Report Abuse
No finance institutions/bank are crazy enough to lend RM 6 billion to AAX.
Stony is very good at creative accounting to clasify lease liabilities as current borrowing. By the way that amt included lease termination claims of RM 6.029 billion which AAX offer to settle with final payment of 0.5% of debts.
Just pity the AAX customers money in advance sales of RM 517 million only get back 0.5% amt already paid to AAX.
22. Borrowings
As at 30/06/2021
RM'000
Term loans: 292,916
Hire purchase: 13
Lease liabilities: 6,082,313
Current: 6,375,242