Posted by Canlah > 2023-12-29 11:56 | Report Abuse

1.80 come laiii aax, little bit more

Posted by Canlah > 2023-12-29 11:57 | Report Abuse

easy money lo. hehe

Posted by ks5S > 2023-12-30 16:46 | Report Abuse

2024 year of AAX
oil down
ringgit up/ usd down
tourist boom

Posted by The_JQuestion > 2023-12-30 17:19 | Report Abuse

:)) no stop drop... NON STOP UPPPP ,, dont chase later

Posted by Medusa > 2024-01-02 11:36 | Report Abuse

Smart investor will follow medusa

C2pid retailer will follow IB

Kikiki…

Posted by Canlah > 2024-01-02 15:02 |

Post removed.Why?

Posted by Canlah > 2024-01-02 15:02 |

Post removed.Why?

Posted by Canlah > 2024-01-02 15:02 |

Post removed.Why?

Posted by curiousq > 2024-01-02 16:27 | Report Abuse

ok lah , if drop to 1.7x will try a little lah .......

but no need to post so many times lah !!

Posted by FintechHarmony > 2024-01-02 16:40 | Report Abuse

lai liao lai liao ?

Posted by MarketNavigator > 2024-01-03 10:56 | Report Abuse

Opportunity to trade AAX comes 😁

Posted by Canlah > 2024-01-04 16:46 | Report Abuse

Move of trap

Posted by Yezzy99108 > 2024-01-05 16:19 | Report Abuse

since the 1st trading day of 2024 where the influx of local & foreign funds pumped up KLSE easily any counter also got the positive effect but not AAX... what that sign tells u?

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

AAX is ask to bail out capitalA? Will and can AAX able to do so?

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 paulthesotong > 2024-01-08 14:39 | Report Abuse

Sslee..let ask TF. Will and can AAX be able to do so.

Posted by paulthesotong > 2024-01-08 14:41 | Report Abuse

Snake swallows The Elephant but i luv it!

Posted by Sslee > 2024-01-08 15:16 | 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 NoTimeToTrade > 2024-01-08 15:34 | 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 MarketNavigator > 2024-01-08 15:42 | Report Abuse

Yess, breaking Rm2 again. Happy trade, happy life 😁

Posted by Sslee > 2024-01-08 15:55 | 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 17:16 | 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 Sslee > 2024-01-08 20:10 | Report Abuse

The deal most likely involve all share deal. AAX will pay capA in billion of AAX shares for capA aviation business and capA will distribute AAX shares to capA shareholders.

So who will benefit from this deal AAX or CapA shareholders?

Posted by Sslee > 2024-01-09 08:12 | Report Abuse

Repost:
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


Sslee
3413 posts
Posted by Sslee > Jan 9, 2024 8:07 AM | Report Abuse X

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 ks5S > 2024-01-09 08:38 | Report Abuse

aax bright future.

Posted by kahfui1221 > 2024-01-09 10:41 | Report Abuse

Capital A to sell aviation business to AirAsia X. Then, AAX will operate aviation business, whereas Capaital A will operate digital business

https://www.marketing-interactive.com/capital-a-sells-aviation-business-airasia-x

Posted by NoTimeToTrade > 2024-01-09 11:35 | Report Abuse

AAX is literally buying a timebomb and investors here are cheering? o_o"

Posted by tonygofly > 2024-01-09 15:16 | Report Abuse

Tony say still can fly

Posted by Kuli99 > 2024-01-09 16:35 | Report Abuse

Game of throne in the business world

Posted by Sslee > 2024-01-10 08:39 | Report Abuse

Repost:
The sky is now crowded with many low cost airlines compare with when Stony just starting the AA. AA is now loaded with debts, accumulated losses RM 10,331 million and the lease payment is now RM700 million and increasing per quarter.

Come 2024 need to pay addition loyalty fees to Brand AA
Brand AA is a brand management company. It is the registered proprietor for all the rights under the AirAsia brand.
Under a master brand licensing agreement dated May 31 this year, Brand AA has the right to collect royalty fees from AirAsia Aviation Group Ltd, Capital A’s aviation division.

2024 will be a survival or bankrupt year for AA or should I say AAX since Stony capA' plan to exit PN17 is to dispose CapA's aviation to AAX.

Posted by Elaphe > 2024-01-10 10:37 | Report Abuse

Pn17 in the making

Posted by ks5S > 2024-01-10 12:12 | Report Abuse

aax got growth story.

Posted by The_JQuestion > 2024-01-10 13:12 | Report Abuse

Personally , i think AAX is the focus now. together combined AAX + AA can get 15 bil revenue per year. With 200 planes in a year or two , this is the biggest a320 operator in SEA.. airbus partner !!
Wait till institution PUSH , then buy IN ...right now , hold back relax and watch the show

Posted by ks5S > 2024-01-10 13:28 | Report Abuse

Foreign fund aiming for this stock.
The only counter with listed flight business in msia.
Giant in the making. Current low oil price, strong ringgit , strong tourism from china...perfect ingredient for AAX.

Posted by mf > 2024-01-11 11:50 | Report Abuse

sell

Posted by MarketNavigator > 2024-01-11 17:37 | Report Abuse

buy as it will break through Rm2 again. Ha

Posted by serbatipu > 2024-01-12 01:29 | Report Abuse

Music was over, come back around next qr

Posted by kahfui1221 > 2024-01-12 16:02 | Report Abuse

Lol, next goreng will start early next month then

Posted by N4rc0t > 2024-01-12 17:02 | Report Abuse

so quiet

Posted by Sslee > 2024-01-15 08:50 | Report Abuse

Geary post below at capA forum.
What AAX shareholders think about below deal?
Is AAX became a scapegoat for CapA to exist PN17?

geary paulthesotong
CapA to merge aviation assets with AAX at RM5 B valuation.; say sources. According to The Edge Weekly.

Ya...rumors of otherwise...more or less around RM 5B. Plus SPAC AA brand 4.5B. Can 'Kaotim'... its Negative Equity of above #8B...!?
We shall wait...until July/Aug...'24.!?
AAX Negative Equity above 33B can magically 'KaoTim'...that time I saw also dare not buy/hold ..buy chance run away!?
Most of the time opportunity, can have anxiety...but your calculative allocations, processes, etc...how much money u are prepared to 'Wager'...🙏🤓
14/01/2024 8:26 PM

Posted by Sslee > 2024-01-15 09:04 | Report Abuse

Stony taken out what is rightfully belong to capA aviation and then dump capA avition to AAX for RM5 B valuation Is that a fair deal?

Capital A International shall be made up of Brand AA Sdn Bhd and Fleet Consolidated Pte Ltd
Both Brand AA and Fleet Consolidated are newly formed subsidiaries and do not have any revenue.

Brand AA is a brand management company. It is the registered proprietor for all the rights under the AirAsia brand.
Under a master brand licensing agreement dated May 31 this year, Brand AA has the right to collect royalty fees from AirAsia Aviation Group Ltd, Capital A’s aviation division.

Fleet Consolidated, meanwhile, will primarily be responsible for the procurement and delivery of the requisite aircraft for the aviation group based on the agreed allocation plan.

The proposed deal is to merge CAPI with Aetherium Acquisition Corp (NASDAQ: GMFI), a Special Purpose Acquisition Company (“SPAC”) listed on the Nasdaq stock exchange for an indicative equity value of United States Dollars (“USD”) 1 billion based on an independent valuation of the AirAsia Brand.

Capital A International intends to generate revenue from brand royalty and the leasing of aircraft. Additionally, it will be involved in tactical acquisition, incubation and partnerships to provide platforms for entrepreneurs.

Posted by SinGor > 2024-01-15 10:18 | Report Abuse

aax actually become CapA once AA assets are transfer aax. So what is the Current predicament CapA is in ????
It is going to be Delisted!! Tony is going to sacrifice AAX----Take it private And ask 60% shareholders to Cut
GuGu ( Tony already castrated long time ago )

Posted by MarketNavigator > 2024-01-15 10:41 | Report Abuse

Hmm, if AA assets are transferred to AAX, how will AAX be delisted as its valuation increases?

Posted by SinGor > 2024-01-15 14:22 | Report Abuse

If CapA can get listed or On-Going with its asset, why transfer to aax? 70% AA asset are leased Plane, 30% are
planes that are spewing black smoke due to Old age. Spare parts are stolen by Tony and sold to junk yard Dealer

Posted by kahfui1221 > 2024-01-15 16:34 | Report Abuse

AirAsia X to buy AirAsia, AirAsia Aviation Group. So AAX will continue 'everyone can fly' legacy

https://www.ch-aviation.com/news/135868-airasia-x-to-buy-airasia-airasia-aviation-group

Posted by SinGor > 2024-01-15 16:58 | Report Abuse

AirAsia planes Still flies Regardless whether Delisted Or Bhd ( taken private ). The only difference is Tony can
Do what he wants with No One looking over his Shoulder ( Bursa Eyes )----No annual Report, No Qr Reports

Posted by SinGor > 2024-01-15 17:02 | Report Abuse

Lastly when Taken private, you can Sell share to willing Buyers on a Bargain Basis ( offer is always ridiculous Low
price)

Posted by psychoopomp > 2024-01-15 18:04 | Report Abuse

Big move from tony

Posted by diuleiloumei > 2024-01-16 11:04 | Report Abuse

boring everyday 1.88-1.90

Posted by kahfui1221 > 2024-01-16 12:55 | Report Abuse

It will move actively next month (Q4 result out)

Posted by Sslee > 2024-01-17 10:03 | Report Abuse

CapA' NUMBER DONT LIE..and it is horrible.

Net current liabialities increase from begining of year
Net current liabilities: RM (8,509,066,000) to as at 30/9/2023
Net current liabilities: RM (12,527,863,000)
Is that a good 9 months for capA?
Will capA not default on the current liabilities in the next 12 months?

As at 31/12/2022 Capital A
Current assets: RM 1,768,954,000
Current liabilities: RM 10,278,023,000
Net current liabilities: RM (8,509,066,000)
Shareholders’ equity RM (5,725,093,000)
Non-controlling interest: RM (3,791,865,000)
Total equity: RM (9,516,958,000)

As at 30/9/2023 Capital A
Current assets: RM 2,072,007,000
Current liabilities: RM 14,599,870,000
Net current liabilities: RM (12,527,863,000)
Shareholders’ equity RM (8,427,155,000)
Non-controlling interest: RM (2,101,925,000)
Total equity: RM (10,529,080,000)

Repost for you to ponder with leases payment of abt RM 700 million and increasing per quarter can capA make any meaningfull profit in 2024?

Quarter end 30/09/23: Cumulative 9 months
RM: RM
Depreciation on right of use assets: (444,404,000): (1,124,591,000)
Finance cost -lease liabilities: (251,274,000): (656,333,000)

CapA is now like a taxi driver, driving a rental car from a taxi company.
How many passengers a taxi driver must picked up to pay for the car rental before he can earned a living?

For capA even last quarter 89% load factor is still a loss making quarter.