TA Securities optimistic about Capital A's 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.