KUALA LUMPUR: Capital A Bhd
said it has completed the disposal of AirAsia Aviation Group Ltd (AAAGL) and AirAsia Bhd (AAB) as part of its previously announced restructuring proposals.
In a filing with Bursa Malaysia, Capital A said the AAAGL disposal was completed on Jan 16, 2026, following the settlement of the disposal consideration through the allotment and issuance of 2.31 billion consideration shares by AirAsia X Bhd (AAX) to Capital A and its entitled shareholders under the distribution.
The disposal of AAB was also completed on the same day, with the consideration settled via a debt assumption, whereby AAX assumed RM3.8bil owed by Capital A to AAB.
Capital A added that AAX has also allotted and issued 606.06 million placement shares under its private placement exercise on Jan 16.
“The AAX placement shares and the consideration shares (including the distribution shares) will be listed and quoted on the Main Market of Bursa Securities on Jan 19,” it said.
Capital A also said the reduction of its issued share capital by RM2.74bil pursuant to the distribution took effect following the lodgement of the sealed High Court order with the Companies Commission of Malaysia on Jan 16.
