Capital A announces capital reduction of up to RM6bil

Capital A CEO Tan Sri Tony Fernandes.

PETALING JAYA: Capital A Bhd has announced its proposed regularisation plan which includes a capital reduction of up to RM6bil to offset the accumulated losses of the group.

“The exact quantum of share capital to be reduced is dependent on the accumulated losses of the group; and the resultant issued share capital of the company, after the completion of the proposed corporate exercises,” it said in a filing with Bursa Malaysia.