KLSE (MYR): CAPITALA (5099)
You're accessing 15 mins delay data. Turn on live stream now to enjoy real-time data!
Last Price
0.75
Today's Change
+0.05 (7.14%)
Day's Change
0.685 - 0.76
Trading Volume
24,907,400
Financial Year 2020
Financial Year | Annual Audited Account | Annual Report | View | |
---|---|---|---|---|
Ann. Date | Ann. Date |
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
15 hours ago
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.
15 hours ago
Ya, this idea are really magic as believe it lift up price indirectly from new share
15 hours ago
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
8 hours ago
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..
6 hours ago
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
6 hours ago
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.
6 hours ago
8.47am TO price still at 0.71
....All eyes on Capital A and AAX today..
Definately turbulance today, fasten your seat belt..
6 hours ago
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.
6 hours ago
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
6 hours ago
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.
6 hours ago
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.
6 hours ago
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.
6 hours ago
Buy aax and capitala now go go fly to the moon both counter sure up at least one
6 hours ago
look like market reacted it as NEUTRAL.
Nothing surprise.
Now waiting IB to give its weighting..
5 hours ago
People think today is a special day that has been long waiting ..... but it just turn out like any other ordinary day .....
5 hours ago
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
4 hours ago
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).
3 hours ago
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
2 hours ago
"
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).
2 hours ago
Mabel
Meow Meow Meow
15 hours ago