KUALA LUMPUR: Capital A Bhd
has obtained High Court approval for its share capital reduction and repayment under Section 116 of the Companies Act 2016 as part of the proposed distribution.
In a statement, Capital A stated that the exact amount of the issued share capital reduction required for the proposed distribution would be determined based on the prevailing market price of AirAsia X (AAX) shares at the time of its application to the High Court after the entitlement date.
