Kuala Lumpur: Capital A Bhd is actively pursuing approval from Bursa Malaysia Securities Bhd to extend the issuance deadline of the shareholder circular related to its Practice Note 17 (PN17) regularisation plan until April 15, 2025. This move comes as part of the company’s ongoing efforts to address its PN17 status and navigate the necessary regulatory frameworks.
Kuala Lumpur: Capital A Bhd is actively pursuing approval from Bursa Malaysia Securities Bhd to extend the issuance deadline of the shareholder circular related to its Practice Note 17 (PN17) regularisation plan until April 15, 2025. This move comes as part of the company’s ongoing efforts to address its PN17 status and navigate the necessary regulatory frameworks.

According to BERNAMA News Agency, the low-cost carrier, represented by its adviser RHB Investment Bank Bhd, highlighted in a filing with Bursa Malaysia the necessity of adhering to Paragraph 9.33(1)(b)(i) of the Main Market listing requirements. This regulation mandates that the company must distribute the circular to its shareholders within 14 market days following Bursa Securities’ confirmation of having no further comments.

On March 7, 2025, a significant development occurred when Bursa Securities approved Capital A’s regularisation plan. This approval is a pivotal milestone for the company as it seeks to transition out of its PN17 status. In a related statement, Tan Sri Tony Fernandes, the CEO of Capital A, informed reporters on March 10, 2025, that the group anticipates successfully exiting the PN17 classification by May 2025.