Kuala lumpur: Capital A Bhd has sought approval from Bursa Malaysia Securities to extend the deadline to January 19, 2026, to finalize its proposed share distribution. In a filing with Bursa Malaysia today, the airline disclosed that RHB Investment Bank Bhd has submitted an application for this time extension on behalf of the company.

According to BERNAMA News Agency, AirAsia X Bhd (AAX) plans to allocate and issue the share distribution concurrently with the shares under its proposed private placement. However, the board has been informed of a delay in the private placement process, attributed to pending documentation from investors who are expected to subscribe to the placement shares. Consequently, the completion of the proposed distribution will be postponed, pending the finalization of these investor documents.

In a separate filing, AAX revealed that it had also sought approval from Bursa Securities to extend the timeline needed to complete its proposed private placement, as well as the proposed acquisition of AirAsia Aviation Group Ltd and the proposed granting of subscription options. Notably, AAX is not requesting an extension for the proposed issuance of free warrants, which has been completed as of December 31, 2025. Similarly, the proposed acquisition of AirAsia Bhd and the proposed share capital reduction do not require an implementation deadline, so no extension is being sought for these initiatives.