Capital A seeks extension from Bursa Malaysia Securities for regularizing its PN17 status

Capital A Berhad is seeking an extension of time from Bursa Malaysia Securities Berhad to submit a holistic regularisation plan to remedy its Practice Note 17 (PN17) status. The Group expects to announce the finalised regularisation plan to Bursa Malaysia Securities in January 2023 and followed by submission for approval targeted in February 2023. This follows Capital A’s recent announcement that it is engaging RHB Investment Bank, BDO Consulting, Deloitte Corporate Advisory Services, Ernst & Young, Adnan Sundra & Low, and Providence Strategic Partners to advise on its regularisation plan. Tony Fernandes, Chief Executive Officer of Capital A, said: “We