KUALA LUMPUR: Capital A Bhd has sought Bursa Malaysia Securities’ approval to extend until Jan 19, 2026 to complete its proposed share distribution. In a filing with Bursa Malaysia, the airline said RHB Investment Bank Bhd has applied for a time extension on behalf of the company. AirAsia X Bhd (AAX) intends to allot and issue the share distribution concurrently with shares to be issued under its proposed private placement, the airline said. The board has, however, been informed that the private placement is expected to be delayed because documentation from identified investors subscribing to the placement shares has yet to be finalised. In a separate filing, AAX said it had applied to Bursa Malaysia seeking approval to extend the time needed to complete implementing its proposed private placement, proposed acquisition of AirAsia Aviation Group Ltd and proposed granting of subscription options.

Source: The Star January 01, 2026 11:04 UTC