KUALA LUMPUR (April 2): Capital A Bhd (KL:CAPITALA) has been granted an extension until April 15, 2025, to issue the shareholder circular for its proposed Practice Note 17 (PN17) regularisation plan.
The plan includes a share capital reduction of up to RM6 billion to reduce the company’s accumulated losses and the reorganisation of its business units.
On March 7, 2025, Capital A received Bursa Securities approval for its regularisation plan to exit the PN17 status.
According to Main Market listing rules, Capital A must issue the circular to its shareholders within 14 market days after receiving Bursa Securities’ confirmation that it has no further comments.
Shares of Capital A were down one sen, or 1.2%, to 81 sen on Wednesday, valuing the group at RM3.51 billion. The stock is down 19% this year.
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