Posted by geary > 2024-01-08 13:23 | Report Abuse

AirAsia/CapitalA:
Top 25 shareholders own 60.81% of the company:

1. Tune Group Sdn Bhd
12.3%
2. Tune Live Sdn. Bhd.
12.1%
3. Positive Boom Limited
7.89%
4. Permodalan Nasional Berhad
5.67%
5. Shanghai Guotai Junan Securities Asset Management Co., Ltd.
3.91%
6. Chuen Yien Lau
3.42%
7. Aimia Inc.
2.64%
8. Urusharta Jamaah Sdn Bhd
2.32%
9. Kenanga Investors Bhd.
2%
10. BNP Paribas, Private & Investment Banking Investments
1.26%
11. Shiva Fernandes
1.18%
12. NTAsset (Cayman) Limited
1.12%
13. Oasis Management Company Ltd.
0.99%
14. Capital Dynamics Asset Management Sdn Bhd
0.69%
15. UBS Asset Management AG
0.62%
16. Bank Julius Bär & Co Ltd., Asset Management Arm
0.33%
17. Evli Fund Management Company Ltd.
0.33%
18. Truffle Hound Capital, LLC
0.33%
19. First Trust Advisors LP
0.31%
20. Chee Hwa Lim
0.27%
21. Pacific Investment Management Company LLC
0.26%
22. Metzler Ireland Limited
0.25%
23. Tabung Warisan Negeri Selangor
0.24%
24. JPMorgan Chase & Co, Brokerage and Securities Investments
0.22%
25. Rakuten Investment Management, Inc.
26. geary private assets management...hehehe 🙏🤓

Posted by paulthesotong > 2024-01-08 13:55 | Report Abuse

Getting Marry! Husband & Wife.

https://www.bursamalaysia.com/market_information/announcements/company_announcement

Posted by Sslee > 2024-01-08 13:58 | Report Abuse

Description CAPITAL A BERHAD ("CAPITAL A" OR THE "COMPANY")

LETTER OF OFFER FOR THE PROPOSED DISPOSAL BY THE COMPANY OF ITS 100% EQUITY INTEREST IN AIRASIA BERHAD, A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY ("AAB) ("PROPOSED AAB DISPOSAL") AND ITS 100% EQUITY INTEREST IN AIRASIA AVIATION GROUP LIMITED ("AAAGL"), A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY ("PROPOSED AAAGL DISPOSAL") TO AIRASIA X BERHAD ("AAX") ("LETTER OF OFFER")
On behalf of the Board of Directors of the Company ("Board"), RHB Investment Bank Berhad wishes to announce that the Company had on 8 January 2024 entered into a non-binding letter of offer with AirAsia X Berhad ("AAX") for the Proposed AAB Disposal and Proposed AAAGL Disposal for a disposal consideration to be agreed upon by the Company and AAX at a later date (collectively "Proposed Aviation Business Disposal"). The Proposed Aviation Business Disposal entails the disposal by the Company of the entire issued share capital of AAB and AAAGL ("Sale Shares") to AAX or its nominated related corporation (as defined under the Companies Act 2016).


The Proposed Aviation Business Disposal is subject to the following:

(i) Capital A and AAX entering into a definitive share sale and purchase agreement for the Proposed Aviation Business Disposal ("Definitive Agreement"), the terms of which is subject to negotiations between Capital A and AAX; and


(ii) The completion of the Definitive Agreement in accordance with the terms of the Definitive Agreement.


Further details of the Letter of Offer and the Proposed Aviation Business Disposal are set out in the attachment below.


This Announcement is dated 8 January 2024.

Please refer attachment below.

Posted by SinGor > 2024-01-08 14:00 | Report Abuse

A 3000 pounds Wife sit on top a 100 pounds Husband ( kuih kapek )

Posted by paulthesotong > 2024-01-08 14:15 | Report Abuse

https://theedgemalaysia.com/node/696547

Posted by geary > 2024-01-08 14:56 | Report Abuse

AirAsia Newsroom:
AirAsia X announces strategic acquisition of Capital A’s aviation business
The non-binding letter of acceptance for the proposed 100% equity acquisition of AirAsia Berhad and AirAsia Aviation Group Limited is poised to pave the way for a revolutionary future in the Asean aviation industry
SEPANG, 8 January 2024 - AirAsia X (AAX) announced today that it has entered into a non-binding letter of acceptance with Capital A for the proposed acquisitions of its aviation businesses, namely AirAsia Berhad and AirAsia Aviation Group Limited.

The strategic move positions AAX to become the overarching regional aviation provider for all short and medium-haul routes under the AirAsia brand name. This groundbreaking acquisition is expected to provide unparalleled advantages, including a strengthened market position, increased operational efficiency, and ultimately driving cost savings and enhanced financial performance.

The decision to combine the airline businesses through these acquisitions leverages AAX's robust recovery trajectory after its upliftment from the Practice Note 17 (PN17) status in November 2023.

AirAsia X Chairman, Dato’ Fam Lee Ee said: “These strategic acquisitions serve as pivotal milestones in AAX's post-PN17 revival strategy, bolstering our financial stability and enhancing our market positioning. The consolidation under the AirAsia brand as a one-listed entity reflects our commitment to capitalise on our regained strength and market confidence to deliver a unified and unparalleled travel experience for our guests and significant value for our shareholders.

“Leveraging the strengths of all airlines under the AirAsia brand, we are poised to create a pure-play entity that propels us forward. The synergy created through these strategic acquisitions represents more than just a financial consolidation; it symbolises our role as a trailblazer in shaping the future of the aviation industry. The future holds immense potential, and we are excited to embark on this transformative journey.”

The detailed announcement on the Proposed Acquisitions, including their effects on various financial metrics is expected to be announced in due course, subject to the definitive share sale and purchase agreement and its completion.🙏🤓

Posted by Layman > 2024-01-08 15:10 | Report Abuse

Tony Fernandes unveils two deputy CEOs — Chester Voo formerly from CAAM, Farouk Kamal formerly from Urusharta Jamaah

https://theedgemalaysia.com/node/696548

Posted by ken2004 > 2024-01-08 15:15 | Report Abuse

Weird to me, won't the price crashing down since people buy capital a with their airlines business potential but now you sell off, won't this for nothing?

Posted by Sslee > 2024-01-08 15:19 | Report Abuse

If capA aviation's assests and liabilities transfer to AAX. AAX will be PN 17 company again, loaded with billions in liabilities and need another round of debts restructure, capital reduction and share consolidation.

Posted by billdrill > 2024-01-08 15:32 | Report Abuse

another move by tony, whats next?

Posted by NoTimeToTrade > 2024-01-08 15:35 | Report Abuse

Hold up, why are AAX investors jumping for joy and CapA selling off? Shouldn't it be the other way around? Or has the news not yet sink in properly for both sides? CapA is literally getting the better end of the deal here guys.

Posted by Sslee > 2024-01-08 15:54 | Report Abuse

CapA is abandoning the sinking ship AAB and AAAGL to AAX. Well done But will AAX take the bait hook line and sinker?

Posted by Sslee > 2024-01-08 17:14 | Report Abuse

AirAsia X Chairman, Dato’ Fam Lee Ee said: “These strategic acquisitions serve as pivotal milestones in AAX's post-PN17 revival strategy, bolstering our financial stability and enhancing our market positioning. The consolidation under the AirAsia brand as a one-listed entity reflects our commitment to capitalise on our regained strength and market confidence to deliver a unified and unparalleled travel experience for our guests and significant value for our shareholders.

“Leveraging the strengths of all airlines under the AirAsia brand, we are poised to create a pure-play entity that propels us forward. The synergy created through these strategic acquisitions represents more than just a financial consolidation; it symbolises our role as a trailblazer in shaping the future of the aviation industry. The future holds immense potential, and we are excited to embark on this transformative journey.”

Do AAX chairman really believe what he said?
How can he increased operational efficiency, and ultimately driving cost savings and enhanced financial performance?
- Addition loyalty fees to capitalA international.
- CapitalA aviation lease payment of RM 700 million and increasing per quarter.
- Commission payment to superApp for selling flight ticket.
- Planes maintenance to ADE
- Accumulated losses of RM 10,331 million in capA balance sheet.

Posted by 8dragon > 2024-01-08 18:44 | Report Abuse

Lol....

Posted by Mabel > 2024-01-08 19:41 | Report Abuse

Capital A disclosed to Bursa Malaysia that it has entered into a non-binding letter of offer with AAX to divest AirAsia Bhd, which houses its Malaysian airline operations, and AirAsia Aviation Group Ltd, the holding unit of its airlines in Indonesia, Philippines and Thailand.

We built five amazing companies and in Asean, we really want to grow in Indonesia and Philippines. We think the tourism potential in both those countries are huge. We would love a licence in Vietnam and Singapore but that is not achievable right now, so really, our growth is going to be very heavily driven by the Philippines and Indonesia, on top of Malaysia and Thailand,” he said.

The Covid-19 outbreak had led all AirAsia aircraft to be grounded in 2020, leading both Capital A and AAX to be categorised as PN17 financial distress companies.

AAX’s PN17 was lifted by the local stock exchange last November, and Fernandes on Monday said the merger, coupled with the upcoming listing of Capital A’s brand royalty business and aircraft leasing unit in the US, would help Capital A in lifting its PN17 status as well.

Fernandes said post-merger, Capital A will be left with four businesses, namely the aviation maintenance unit Asia Digital Engineering Sdn Bhd; the super app segment carried out by 96.19%-owned AirAsia SuperApp Sdn Bhd; the 77.56%-owned logistics unit Teleport Everywhere Pte Ltd; and the 99.56%-owned digital payments business under BigPay Pte Ltd.

CapitalA shares is up by 2 % today follow by this announcement..

https://theedgemalaysia.com/node/696547

Posted by ken2004 > 2024-01-08 19:55 | Report Abuse

They shifted the whole airline business to AAX bcs they want to borrow more where capital a as PN17 company cannot officially borrowing from anyway...........

Posted by Sslee > 2024-01-08 20:02 | Report Abuse

Do you think the lessors, trade creditors, travel agents and etc will agreed to transfer the debts from capA to AAX knowing that the last AAX debts restructure creditors only get 0.5 sen for every ringgit owed?

Posted by Mabel > 2024-01-08 20:10 | Report Abuse

ken2004 is spot on...

This is what Tony did to secure more leverage. He shifted the whole airline business to AAX since they want to borrow more as CapitalA is currently a PN17 company which limits borrowing to expand his business. He thinks outside the box compared to MAS who usually go back to G asking for more money to bail out. His thinks like an OECD Gentleman

https://theedgemalaysia.com/node/696547

Posted by geary > 2024-01-08 20:11 | Report Abuse

ken2004
They shifted the whole airline business to AAX bcs they want to borrow more where capital a as PN17 company cannot officially borrowing from anyway...........
1 minute ago

We shall see, what's the 'Magic Accounting', Sir Tony n his team...going to unveil in 4/5 months from now!?

Will be SIA Groups of Long/Medium/Short Hauls...!?
Born from SIA are SIA Eng n SATS. CapitalA Bhd will be almost same like SATS. But with another interesting business, that's AirAsiaMOVE.
AA Aviation Services Medium/Short Hauls!?
SIA Aviation Services Long/Medium (Scoots)/Short(Tiger).
Well interesting to see how its 5 businesses...growth prospects...🤓

Posted by Sslee > 2024-01-08 20:19 | Report Abuse

Who has the capacity and capability to borrow more money capA or AAX?

Stony is passing the buck to AAX to do the dirty job of another round of debts restructure, capital reduction, share consolidation and recapitalisation.

Posted by Vnoobie > 2024-01-08 21:03 | Report Abuse

so to sell or keep Cap A stocks? since today's trading quite high following the announcement. some advise please :)

Posted by Elaphe > 2024-01-08 21:18 | Report Abuse

Sell..

Posted by T1T4N > 2024-01-08 22:08 | Report Abuse

https://theedgemalaysia.com/node/685352
Maybank and kenanga value AA Aviation arm at 91-94sen.

Posted by jasonxjia > 2024-01-08 22:35 | Report Abuse

It’s time to collect more!

Posted by The_JQuestion > 2024-01-08 23:45 | Report Abuse

chester voo is back ... CEO of civil authority CAAM , wowww superb ... talented ! tony bring capable people to the table.. 100 times qualified than sot and gang :))
let them tell u the story... LIMIT UP to the skies !

Posted by geary > 2024-01-08 23:58 | Report Abuse

The_JQuestion
chester voo is back ... CEO of civil authority CAAM , wowww superb ... talented ! tony bring capable people to the table.. 100 times qualified than sot and gang :))
let them tell u the story... LIMIT UP to the skies !

We shall see the next quarter...Feb 28/29, 2024.!?
From its Negative Shareholders Equity scenario...Target Price should be around...@1.48...🤓(If positive Equity...@2.28)!?
Uplifted from PN17...@>3.28!?
Dis: Trade at your own Risk/Reward!

Posted by The_JQuestion > 2024-01-09 00:01 | Report Abuse

if going to collapse who will join the company ??
cmon going to fly HIGH , out of pn17 and ppl like sslee and gang can only complain their life away and watch :))
real MEN act not talk , they also show u with limit UP !

Posted by Mabel > 2024-01-09 00:10 | Report Abuse

The_JQuestion if going to collapse who will join the company ??
cmon going to fly HIGH , out of pn17 and ppl like sslee and gang can only complain their life away and watch :))
real MEN act not talk , they also show u with limit UP !
09/01/2024 12:01 AM

...don't forget about real gal too..hihihi..

Posted by Mabel > 2024-01-09 06:14 | Report Abuse

Let these statistics sink in…

47% of millionaires…
60% of deca-millionaires ($10M+)...
75% of centi-millionaires ($100M+)...
65% of billionaires…

All achieved their wealth by owning and investing in businesses…

As Tony Robbins says, "Success leaves clues," and these are some pretty BIG clues.

Owning and acquiring businesses is how the truly wealthy became and remain wealthy!

The best part? Owning and acquiring business is not something that's limited to a select group of individuals — we can do this too!

Happy Shivering..hihihi

Posted by StartOfTheBull > 2024-01-09 06:28 | Report Abuse

Someone will later say Tony move the goal post.

Posted by Sslee > 2024-01-09 07:58 | Report Abuse

15-Dec-2023 RESIGNATION Chairman YM TUNKU DATO MAHMOOD FAWZY BIN TUNKU MUHIYIDDIN View Detail
15-Dec-2023 RESIGNATION Director ENCIK AHMAD AL FAROUK BIN AHMAD KAMAL View Detail


When a company is on the brink of insolvency, directors ought to consider different stakeholders such as shareholders, creditors, and employees during the exercise of interest balancing. The Companies Act 2016 (“CA 2016”) codifies a general duty on directors’ conduct of trading in a company close to the point of insolvency and any potential liabilities on that account. In broad terms, ‘insolvent trading’ may also be referred to as ‘wrongful trading’ and ‘fraudulent trading’.

Wrongful Trading
In the CA 2016, an offence of wrongful trading is captured in section 539(3) that:

“…an officer of the company who knowingly was a party to the contracting of a debt had, at the time the debt was contracted, no reasonable or probable ground of expectation, after taking into consideration the other liabilities, if any, of the company at the time, of the company being able to pay the debt, commits an offence…”

Fraudulent Trading
Whereas section 540(1) of the CA 2016 stipulates an offence of fraudulent trading as below:

“If 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 may declare that any person who was knowingly a party to the carrying on of the business in that manner shall be personally responsible…”

If an offence under section 539(3) has been made out, offenders may be punishable with a maximum imprisonment of 5 years or a maximum fine of RM500,000, or both. Reading together with section 540 of the CA 2016, it is added that the offender may even bear personal liabilities for the payment of the whole or any part of the company’s debt without any limitation of liability upon a court’s declaration

Posted by Sslee > 2024-01-09 08:07 | Report Abuse

AAX will default on current liabilities if capA liabilities is transfered to AAX.
You need a white knight with deep pocket to save a PN 17 company. And AAX do not has any money.

AAX will be a scapegoat for Stony and all the AAX directors will commit an offend under companies ACtT2016 section 539 and 540.

Posted by salman > 2024-01-09 08:49 | Report Abuse

Buy CapA....TP 1.50

Posted by Sslee > 2024-01-09 10:13 | Report Abuse

I will take my hat off and salute Stony if Stony can pull out the magic rabbit (getting the below approval) from his magic hat.

The Definite SSPA Will be Subject To:

a. Shareholder approvals for the proposed disposals and other corporate exercise, which may include a proposed distribution-inspecie of part of the consideration shares to the shareholders of Capital A;

b. Approval of RCUIDS Holders;

c. Approval/consent of the relevant authorities, financiers/lenders or any third parties as may be necessary, being obtained by Capital A;

d. The Completion of the Pre-completion Restructuring;

e. The Sanction of the High Court of Malaya;

f. The Approval of the Shareholders of AAX;

g. Such other terms to be negotiated and agreed upon by the parties in the definitive agreement.

Posted by 80gram > 2024-01-09 10:19 | Report Abuse

if aviation business indeed will be profitable, got value....see how much is the profit guidance

Posted by HaHassan > 2024-01-09 10:31 | Report Abuse

Sell on good news today...

Posted by 80gram > 2024-01-09 10:36 | Report Abuse

good news, if any, not out yet

Posted by paulthesotong > 2024-01-09 10:50 | Report Abuse

This Taxi Driver has no single Boeing 737 Max on his fleet. no sweat.
Jet fuel coming down {thanks to Saudi}.so does Interest Rate.
ASEAN Currencies up against Uncle Sam $
Influx of Tourists..

Posted by Sslee > 2024-01-09 11:16 | Report Abuse

The Taxi Driver has no single plane. All the planes belong to lessors.

Posted by NoTimeToTrade > 2024-01-09 11:30 | Report Abuse

80gram, you might want to research a bit more about the airline industry. Airlines don't make profit. They generate revenue and cashflow only.

Posted by paulthesotong > 2024-01-09 11:31 | Report Abuse

Let ask The Taxi Driver!

Posted by Sslee > 2024-01-09 12:10 | Report Abuse

paulthesotong Let ask The Taxi Driver!
09/01/2024 11:31 AM

Why need to ask the driver when you can read the financial report?

THIRD QUARTER REPORT ENDED 30 SEPTEMBER 2023
NOTES TO THE UNAUDITED FINANCIAL STATEMENTS
22. Lease liabilities
The lease liabilities amounting to RM18.9 billion includes deferred aircraft leases of approximately RM2.4 billion. The lease liabilities are supported by ROU assets of RM11.9 billion.

The Group had completed the restructuring of a total of 160 aircraft leases up to the date of this report including the waiver of lease rentals in arrears, as well as reducing future lease rates with a corresponding longer lease term, where necessary, and return of aircraft.

Posted by geary > 2024-01-09 13:01 | Report Abuse

80gram
if aviation business indeed will be profitable, got value....see how much is the profit guidance
2 hours ago

CapitalA Bhd will have 4 businesses:
1. Teleport Everywhere: Future above #100 Freighters (Consumer Defensive).
2. ADE (Aircraft MRO). Consumer Cyclical.
3. Santan Catering/Restaurant (Consumer Defensive).
4. AirAsia MOVE...this is the most interesting business venture...still not ready sure of its sales/profit!?
SIA also don't have!?(Consumer Cyclical!?)
AA Aviation Bhd...two types of customers' services... Medium Haul(AAX) n Short Haul(AA)...'Now Everyone Can Fly'!
Well purely airlines it's always Consumer Cyclical.
Profit margins wise...of course Airlines but it's cyclical.
For consumer defensive...then margins will be conservative n reasonable. But in crisis, COVID, geopolitical tensions, calamities, etc; Services of cargoes, foods n drinks, medical supplies, all are necessities.
By the way...those who hold CapitalA...will have AA Aviation...allocated shares(maybe 1:5).
Analyze further yourself, like SIA Groups, SATS n SIA ENG.
For AirAsia MOVE... it's a combination different airlines bookings, hotels, etc!?
Understand the business before u Trade/Invest!?
TQ!

Posted by ken2004 > 2024-01-09 13:41 | Report Abuse

Sorry, since target is on the airline business potential, since no more in capitala, i will shift to see AAX then........

Posted by NoTimeToTrade > 2024-01-09 14:33 | Report Abuse

ken2004, before you do that, ask yourself, who owns majority of AAX? Think it through.

Posted by geary > 2024-01-09 14:59 | Report Abuse

ken2004
Sorry, since target is on the airline business potential, since no more in capitala, i will shift to see AAX then........

Well ..u analyse n decide yourself!?
Just give u some tips ..AA Aviation is the eldest son...listed entity...so as CapitalA shareholder, u are entitled for share in sprcie!?
How about the second son...Teleport...third son ADE...n first n second daughters... AirAsia MOVE n Santan Catering...!? 🤓

Posted by Mabel > 2024-01-09 15:24 | Report Abuse

Haha geary is spot on..

So nice to have many sources of incum...hihihi

Posted by Mabel > 2024-01-09 15:37 | Report Abuse

The sky is the limit again for Capital A in 2024...

https://www.thestar.com.my/business/business-news/2024/01/06/the-sky-is-the-limit-again-for-capital-a-in-2024

Posted by Layman > 2024-01-09 15:46 | Report Abuse

Analysts positive on Capital A's sale of aviation biz to AAX, but Kenanga warns of potential earnings leakages
By Anis Hazim / theedgemalaysia.com
09 Jan 2024, 01:59 pm

https://theedgemalaysia.com/node/696716

Posted by Mabel > 2024-01-09 15:53 | Report Abuse

https://www.thestar.com.my/business/business-news/2024/01/09/ta-securities-optimistic-about-capital-a039s-aviation-business-disposal-for-pn17-uplift

KUALA LUMPUR: TA Securities is positive on Capital A Bhd’s move to dispose of its aviation business to AirAsia X Bhd (AAX) as it is necessary to uplift Capital A from its Practice Note 17 (PN17) status.

“From the risk perspective, we are positive as we deem the disposals are necessary to uplift Capital A from its PN17 status or risk triggering a trading suspension.

“Moreover, the shareholders of Capital A are expected to continue to hold shares in the aviation segment via AAX,” it said in a report.