Posted by HaHassan > 2024-04-25 14:29 | Report Abuse

Retire rich 😆
https://www.thestar.com.my/business/business-news/2024/04/25/fernandes-on-board-capital-a-for-five-more-years

Posted by hhhiii123 > 2024-04-25 20:44 | Report Abuse

tomorrow LU!!

https://www.chinapress.com.my/20240425/%e4%ba%9a%e8%88%aa%e9%95%bf%e7%a8%8b%e6%96%a5%e8%b5%8468%e4%ba%bf-%e6%94%b6%e8%b4%adcapital-a%e8%88%aa%e7%a9%ba%e4%b8%9a%e5%8a%a1/

Posted by EngineeringProfit > 2024-04-25 21:14 | Report Abuse

Hihi

Posted by Nepo > 2024-04-25 21:33 | Report Abuse

Good or bad to Capital A shareholders?

Because i saw 10 angry faces and zero happy face in China press..

Posted by Mabel > 2024-04-25 21:55 | Report Abuse

Haha the reason why Mabel put her money in PN17 Sapura Energy and Capital A is because she wants to be part of their turnaround journey. Capital A, who is the CEO? Sapura who is the CEO?

Here lies the differences:

One can start from Zero to be a Hero.
Satu lagi kena jual ini jual itu sampai Zero.

Let's see how these two CEO (Sapnrg and CapitalA) managed their turnaround. So far both of these PN17 Companies have been profitable and not a liability for Mabel to hold.

Coming to think of it it's prudent for Sapnrg to exit the EP game. It’s for big boys like Petronas, Shell, Aramco who have deep pockets and 20/30y ROI Horizons. Best for sapnrg to stick to EPCC business as they are not getting any support and time is running out of the Regulation Plan timeline.

This week, too many Big Boys especially the bankers are throwing Sap at 5 and 6...All chicken..Tengok Capital A this week shoot up despite tension between Iran and Israel with high oil price. Capital A climb while Sapnrg remains status quo.

Bottom line, no one want to touch Sap but willing to touch Capital A...

Looks like Tony seems to be better Magician than Anuar ...

Captain Mabel Meow

Posted by kyzertai > 2024-04-25 23:10 | Report Abuse

The new share list with rm1.30 ? The NewCo will then acquire Capital A's aviation business — AAB and AirAsia Aviation Group Ltd (AAAGL) — for RM6.8 billion. It will be issuing new shares worth RM3 billion in the NewCo — 2.31 billion shares at RM1.30 each — to acquire AAAGL.

https://theedgemalaysia.com/node/709390

Posted by Mabel > 2024-04-25 23:20 | Report Abuse

Meow Meow Meow

Posted by kyzertai > 2024-04-25 23:20 | Report Abuse

The new share list with rm1.30 then aax share 1 to 1 swap to new share ? The NewCo will then acquire Capital A's aviation business — AAB and AirAsia Aviation Group Ltd (AAAGL) — for RM6.8 billion. It will be issuing new shares worth RM3 billion in the NewCo — 2.31 billion shares at RM1.30 each — to acquire AAAGL.

https://theedgemalaysia.com/node/709390

Posted by Mabel > 2024-04-25 23:36 | Report Abuse

Touche Bro...

This is a stark difference between Engineers & Accountants...Engineers are linear in thinking.... accountants hv lateral thinking...that's why you see Tony is a magician.. make tons of money not from internal fund.

Posted by kyzertai > 2024-04-25 23:46 | Report Abuse

Ya, this idea are really magic as believe it lift up price indirectly from new share

Posted by Sslee > 2024-04-26 07:09 | Report Abuse

AAX will swap their shares in AAX with shares of the NewCo — Airasia Group Sdn Bhd — on a one-to-one basis.

The NewCo will then acquire Capital A's aviation business — AirAsia Aviation Group Ltd (AAAGL) and AirAsia Bhd (AAB) — for RM6.8 billion. It will be issuing new shares worth RM3 billion in the NewCo to acquire AAAGL, while it will acquire AAB for RM3.8 billion, to be satisfied by assuming RM3.8 billion of the RM3.83 billion worth of debt that Capital A owes AAB.

My opinion:
Engineer work according to the law of physics and chemistry to create many wonders of the word.

Accountant can be very creative like magician giving the illusion of create money out of thin air.

But remember money do not fall from the sky. And according to our legal law if AAX/newco default on any debts transfer from capA then i'm afraid Stony and the whole BOD most likely will end up in jail for below offences:

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 paulthesotong > 2024-04-26 07:44 | Report Abuse

Is this the biggest deal of the last decade?

Posted by Nepo > 2024-04-26 08:20 | Report Abuse

Sure Capital A can go out from PN 17, but what does her wallet left..sell all the profitable asset just to get out from PN17..
Let see the share performance..let the expert to earn this money..

look like till now no one here can give the details explanation to the impact to the share price of Capital A and AAX..

Posted by FlyingElephant > 2024-04-26 08:22 | Report Abuse

who is the winner? cap A or aax? very confusinng the proposal.

Posted by Noni > 2024-04-26 08:28 | Report Abuse

FlyingElephant, CapA is the winner, out from PN17 and resume new business.

Posted by Nepo > 2024-04-26 08:37 | Report Abuse

8.36am, TO price = RM 0.71 up 0.01

Posted by Nepo > 2024-04-26 08:41 | Report Abuse

Capital A if today can't up, then sure die lah, because no proft generating assets..short haul profitable avaiation biz offset with loss making long haul bix, NewCo not good

Posted by Mar2083 > 2024-04-26 08:43 | Report Abuse

Look like may up trend today

Posted by human > 2024-04-26 08:43 | Report Abuse

The proposal cannot be interpret using accounting practices. This is corporate restructuring.
New entity AAG is created to replace AAX listing status.
AAG then group AAX(long haul), AAB(malaysia business), AAAGL(Asean exclude malaysia business) businesses into AAG control.
AAG will raise 1bil working capital from new investor.
So end results are
AAG become AA passenger airlines owner with new 1b fund to start new journey.
Capital A disposes passenger airlines business and the liabilities while still give existing shareholders assess to AAG through bonus shares. Capital A then focus on plane maintenance, digital travel platform, fintech, plane cargo logistics , etc business with a leaner liabilities.

Posted by Nepo > 2024-04-26 08:50 | Report Abuse

8.47am TO price still at 0.71
....All eyes on Capital A and AAX today..
Definately turbulance today, fasten your seat belt..

Posted by Sslee > 2024-04-26 08:51 | Report Abuse

A new 1 billion fund injection will not be enough for working capital and debts servicing.
Know what is the debt alone with AA Philippine park under AAAGL?

AAG become AA passenger airlines owner with new 1b fund to start new journey.

The NewCo will then acquire Capital A's aviation business — AirAsia Aviation Group Ltd (AAAGL) and AirAsia Bhd (AAB) — for RM6.8 billion. It will be issuing new shares worth RM3 billion in the NewCo to acquire AAAGL, while it will acquire AAB for RM3.8 billion, to be satisfied by assuming RM3.8 billion of the RM3.83 billion worth of debt that Capital A owes AAB.

Posted by Realrich > 2024-04-26 09:01 | Report Abuse

Look like is bad news aax drop like hell and capital a open not good also

Posted by witan > 2024-04-26 09:01 | Report Abuse

LU??? More like Limit Down

Posted by witan > 2024-04-26 09:03 | Report Abuse

This deal is macam left pocket to right pocket. The only one who will be benefited from this exercise is Tan Sri and his gang

Posted by Realrich > 2024-04-26 09:04 | Report Abuse

Should buy or sale let me know. I really don't know how

Posted by i3gambler > 2024-04-26 09:05 | Report Abuse

I do not know whether CapA will go up or down.
But I am pretty sure it is very unlikely that CapA-LA will become default,
So I rush in to buy CapA-LA at 0.78.
As long as it is not going to be default, then my return will be 6.87% p.a.

Posted by jenabchen123 > 2024-04-26 09:05 | Report Abuse

The gems are with Capital A. Their Bigpay ewallet with Ali pay involvement as well as airline catering unit surely propping up Capital A. Lean and without too much flying the aircrafts and instable aircraft fuel exposure.

Posted by limch > 2024-04-26 09:06 | Report Abuse

LU some comment why cannot see?

Posted by Realrich > 2024-04-26 09:07 | Report Abuse

I think I buy aax and capitala both side up. So I don't miss the boat

Posted by human > 2024-04-26 09:07 | Report Abuse

Accounting and business understanding of working capital is difference.
A reorganization need new fund to run a company for certain period to generate cash to first service the interest before looking at profit,
Bankers do not expect business to clear all debts if not how they make money?
Bank that does not hold debt cannot earn profit from interest servicing.
Ideal case for bankers is that a company is under debt with constant repayment of interest that run a business that has demand and sustainable.
budget passenger flight is always on demand.

Posted by Realrich > 2024-04-26 09:08 | Report Abuse

Buy aax and capitala now go go fly to the moon both counter sure up at least one

Posted by Realrich > 2024-04-26 09:15 | Report Abuse

Go go LU target price RM1

Posted by kyzertai > 2024-04-26 09:43 | Report Abuse

The new share will rm1.30 then I wonder why shall we sell below 1.30 ?

Posted by Nepo > 2024-04-26 09:49 | Report Abuse

look like market reacted it as NEUTRAL.
Nothing surprise.

Now waiting IB to give its weighting..

Posted by curiousq > 2024-04-26 10:02 | Report Abuse

People think today is a special day that has been long waiting ..... but it just turn out like any other ordinary day .....

Posted by paulthesotong > 2024-04-26 10:37 | Report Abuse

Mouth from IB

https://www.nst.com.my/business/corporate/2024/04/1042803/analyst-says-capital-streamlining-aviation-segments-will-allow-it

Posted by Realrich > 2024-04-26 11:16 | Report Abuse

Kyzertai not 1 convert 1 maybe is 10 convert. So the share price is 0.13 if 10 convert 1 so we all don't know yet

Posted by yong1985cm > 2024-04-26 11:58 | Report Abuse

as per the annuocement, the projected conversion will be every 1000 share u hold in Cap A, u get 397 share in the newly Co (AAG).

Posted by Realrich > 2024-04-26 12:23 | Report Abuse

Yong if like that 1.3/0.4= around Rm 0.28 per share. Now share price is 0.70 but the offer price is only 0.28. The remain capital a segment value is 0.42

Posted by Realrich > 2024-04-26 12:27 | Report Abuse

Without airlines business capital a worth how much?

Posted by Nepo > 2024-04-26 12:50 | Report Abuse

https://www.klsescreener.com/v2/news/view/1315493

Posted by Nepo > 2024-04-26 12:52 | Report Abuse

"
According to TA Securities, Capital A would record a gain from remeasurement of RM2.3 billion from the disposal of AAAGL and a disposal gain of RM6.1 billion from the disposal of AAB.

However, the research firm noted that Capital A's management had indicated that it may no longer pursue the listing of its intellectual property segment, the AirAsia branding, on Nasdaq via a special purpose acquisition company (SPAC).

Posted by billdrill > 2024-04-26 14:07 | Report Abuse

hahaha why would friday be a special day

Posted by Realrich > 2024-04-26 14:53 | Report Abuse

Buy 0.69 sale 0.735. Thank capital a very fast money earn 4.5k

Posted by Realrich > 2024-04-26 14:54 | Report Abuse

I sale too fast lol

Posted by Realrich > 2024-04-26 15:01 | Report Abuse

Xiaoeh I win a jackpot prize. I buy both capitala and aax both big win

Posted by Mabel > 2024-04-26 15:01 | Report Abuse

Haha 70.5 sen oledi.. Hihihi

Posted by Realrich > 2024-04-26 15:03 | Report Abuse

Aax and capitala both I win total 14k

Posted by Junx Leow > 2024-04-26 15:04 | Report Abuse

Wat story today?

Posted by Realrich > 2024-04-26 15:05 | Report Abuse

Kenaga give target price 0.78