Capital A chief executive officer Tan Sri Tony Fernandes
KUALA LUMPUR: Capital A Bhd
has received Bursa Malaysia Securities Bhd’s (Bursa Securities) approval for its proposed regularisation plan, paving the way to exit Practice Note 17 (PN17) status.
In a statement, Capital A said Bursa Securities' approval provided a clear path for the company to complete its restructuring and restore its financial standing.
With this green light, the company is now poised to finalise the implementation of its plan, including capital reduction to set off accumulated losses and the reorganisation of its business units to unlock long-term value for shareholders.
Chief executive officer Tan Sri Tony Fernandes said it was a “monumental day for Capital A”, adding that after an extensive restructuring process, the company was now at the threshold of exiting PN17 status.
“Our journey has been focused on rebuilding our financial foundation, and with today's announcement, we take a giant leap toward a future of financial strength and operational excellence.
“This is not just about numbers or regulatory approvals—it’s about resilience, about proving that we can come back again, stronger than ever. We are fully committed to executing the plan and delivering even greater value to all our stakeholders, including our customers and our incredible Allstars who never gave up. The best is yet to come!” Fernandes said.
Capital A said the proposed regularisation plan is structured to ensure compliance with Bursa Securities’ listing requirements and includes a series of financial and structural adjustments designed to stabilise and grow Capital A’s business.
The approval is subject to the fulfillment of certain conditions, including compliance with all regulatory requirements, obtaining necessary shareholder approvals, and submitting final confirmations of the plan’s completion.
Following the completion of the proposed regularisation plan, Capital A will be in a stronger position to execute its long-term vision. The company remains committed to growing its six core businesses—Asia Digital Engineering (ADE), Teleport (Logistics), AirAsia MOVE, Santan, BigPay and Abc. International.
This milestone reflects Capital A’s transformation from a financially distressed company into a group with agile, technology-driven businesses that are ready to capitalise on new opportunities in aviation, engineering, logistics, digital travel, and brand management.
