Will Capital A exit PN17 status by year-end?

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Capital A is Optimistic About Exiting PN17 Status by Year-End

Capital A Bhd is optimistic about exiting its Practice Note 17 (PN17) status by the end of December this year, with the group anticipating shareholder approval at an upcoming extraordinary general meeting (EGM). CEO Tan Sri Tony Fernandes indicated that the market's reaction to the proposal suggests a favourable outcome.
Shareholder Approval Anticipated

The company is seeking shareholder approval at AirAsia X's (AAX) extraordinary general meeting (EGM) scheduled for tomorrow. This approval is a crucial step towards achieving the objective of exiting the PN17 status.
Market Sentiment Appears Positive

Tan Sri Tony Fernandes noted that the share price has shown a positive reaction since the proposal was presented. This market response is interpreted as an indication that stakeholders are in favour of the proposed changes.
Integration with AirAsia X as a Strategic Goal

Fernandes expressed optimism that the combination of AAX and the broader aviation group could elevate their global standing. He suggested that such a consolidation would position them to become the number one entity globally, from their current second-place position.
Current Share Performance

As of 11:19 AM, Capital A's share price remained stable at 92.5 sen, with a trading volume of 9.54 million shares. This trading activity reflects ongoing market engagement with the company's performance and strategic moves.

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Will Capital A exit PN17 status by year-end?

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