Posted by Sslee > 1 month ago | Report Abuse

Come 16th Oct AAX EGM. I will also vote against all the resolutions.

Posted by Sslee > 1 month ago | Report Abuse

Someone need to learn how to stand up from where he fall and not finding a sucker to dump all your problems to the sucker.

Posted by paulthesotong > 1 month ago | Report Abuse

Another disgruntaled airline customer.

Posted by Balian de Ibelin > 1 month ago | Report Abuse

Besides the usual there is a sucker born every second.

From these countless suckers' postings here, you can see that many suckers actually fight it out to be the Top Sucker.


Sslee

Someone need to learn how to stand up from where he fall and not finding a sucker to dump all your problems to the sucker.

39 minutes ago

Posted by JrWarren > 1 month ago | Report Abuse

Mr Lee, have your questions being answered?

Posted by JrWarren > 1 month ago | Report Abuse

First round meeting ended, 99% shareholders supported all the resolutions.
Afternoon will be RCUID meeting.

Posted by Mabel > 1 month ago | Report Abuse

#JrWarren First round meeting ended, 99% shareholders supported all the resolutions.
Afternoon will be RCUID meeting.
14/10/2024 12:02 PM

Brilliant JrWarren. The latest update from Capital A’s Extraordinary General Meeting (EGM) indicates that 99% of shareholders supported all the resolutions in the first round of the meeting. The afternoon session will focus on the Rights, Convertible Unsecured Islamic Debt Securities (RCUID) meeting.

This EGM is a crucial step in Capital A’s strategic plan to dispose of its aviation business to AirAsia X (AAX), aiming to streamline its operations and enhance shareholder value. The successful completion of this transaction will lead to the formation of a new AirAsia Group, combining both short-haul and long-haul operations under one umbrella.

Appreciate any further updates from the RCUID meeting.

To Our Success !

Meow

Posted by webnation > 1 month ago | Report Abuse

i voted my part

Posted by paulthesotong > 1 month ago | Report Abuse

yeah going to secondhalf after 2pm.

Posted by Mabel > 1 month ago | Report Abuse

Here are the key highlights from Capital A’s Extraordinary General Meeting (EGM) so far:

Strong Shareholder Support: An overwhelming 99% of shareholders supported all the resolutions in the first round of the meeting.

Approval of Major Resolutions: Disposal of Aviation Business: Shareholders approved the disposal of Capital A’s aviation business to AirAsia X (AAX).

Issuance of Rights Shares: Approval was granted for the issuance of new shares to raise additional capital.

Convertible Unsecured Islamic Debt Securities (RCUID): The issuance of RCUIDs was approved, allowing for future conversion into equity.

Amendments to the Constitution: Necessary amendments to the company’s constitution were approved to facilitate the transactions and ensure regulatory compliance.

These resolutions are part of Capital A’s strategic plan to streamline operations and enhance shareholder value. The afternoon session will focus on the RCUID meeting, which is crucial for the company’s financial restructuring.

Posted by Sslee > 1 month ago | Report Abuse

This announcement is dated 14 October 2024.

Voting Results

1. SPECIAL RESOLUTION 1
Description PROPOSED DISPOSAL BY THE COMPANY OF ITS 100% EQUITY INTEREST IN AIRASIA AVIATION GROUP LIMITED ("AAAGL") TO AIRASIA X BERHAD ("AAX") FOR A DISPOSAL CONSIDERATION OF RM3,000.0 MILLION TO BE SATISFIED ENTIRELY VIA THE ALLOTMENT AND ISSUANCE OF 2,307,692,307 NEW ORDINARY SHARES IN AAX AT AN ISSUE PRICE OF RM1.30 EACH ("PROPOSED AAAGL DISPOSAL")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 516 70
No. of Shares 720,249,656 172,535
% of Voted Shares 99.9761 0.0239
Result Accepted

2. SPECIAL RESOLUTION 2
Description PROPOSED DISPOSAL BY THE COMPANY OF ITS 100% EQUITY INTEREST IN AIRASIA BERHAD ("AAB") TO AIRASIA X BERHAD ("AAX") FOR A DISPOSAL CONSIDERATION OF RM3,800.0 MILLION TO BE SATISFIED ENTIRELY VIA THE ASSUMPTION BY AAX OF AN AMOUNT OF RM3,800.0 MILLION OWING BY THE COMPANY TO AAB ("PROPOSED AAB DISPOSAL")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 518 68
No. of Shares 720,254,956 167,235
% of Voted Shares 99.9768 0.0232
Result Accepted

3. SPECIAL RESOLUTION 3
Description PROPOSED DISTRIBUTION OF 1,692,307,692 NEW ORDINARY SHARES IN AAX ("AAX SHARES") ARISING FROM THE PROPOSED AAAGL DISPOSAL ("DISTRIBUTION SHARES"), TO THE ENTITLED SHAREHOLDERS OF THE COMPANY BASED ON THEIR RESPECTIVE SHAREHOLDINGS IN THE COMPANY ON A PRO-RATA BASIS, ON AN ENTITLEMENT DATE TO BE DETERMINED BY THE BOARD AND ANNOUNCED LATER BY THE COMPANY ("ENTITLEMENT DATE"), ON WHICH THE NAMES OF ITS SHAREHOLDERS MUST APPEAR IN THE COMPANY'S RECORD OF DEPOSITORS AS AT 5:00 P.M. ON THAT DATE IN ORDER TO BE ENTITLED TO THE PROPOSED DISTRIBUTION BY WAY OF A PROPOSED REDUCTION AND REPAYMENT OF THE COMPANY'S ISSUED SHARE CAPITAL PURSUANT TO SECTION 116 OF THE COMPANIES ACT 2016 ("ACT") ("PROPOSED DISTRIBUTION")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 526 60
No. of Shares 720,267,324 155,835
% of Voted Shares 99.9784 0.0216
Result Accepted

Posted by Sslee > 1 month ago | Report Abuse

Sometime I wonder whether Mabel is a shareholder of CapitalA?

Posted by geary > 1 month ago | Report Abuse

CapitalA Monthly Pivot Points ñ Momentum Indicators!
S1: 0.75.
S2: 0.80.
PIVOT: 0.85.
R1: 0.92.
R2: 1.00.
Dis: Trade/Hold at your own Risk!

Posted by Mabel > 1 month ago | Report Abuse

Of Course, Proud to be a shareholders of Capital A

Here's a better source which Mabel just saw, thanks to Handsome sslee...

https://klse.i3investor.com/web/mktbzz/meeting-detail/16293_1380997848

Posted by Sslee > 1 month ago | Report Abuse

If so then where did Mabel get below information on Issuance of Rights Shares?

Issuance of Rights Shares: Approval was granted for the issuance of new shares to raise additional capital

Posted by Mabel > 1 month ago | Report Abuse

The issuance of rights shares is a common method for companies to raise additional capital by offering existing shareholders the opportunity to purchase additional shares at a discounted price. This approach helps companies meet financial obligations or fund expansion plans without increasing debt.
https://www.investopedia.com/investing/understanding-rights-issues/

Posted by Mabel > 1 month ago | Report Abuse

Moving forward, we wait for the final outcomes from today's meeting..

Posted by AnthonyAng666 > 1 month ago | Report Abuse

Nice, Capital A Receives Shareholders Nod For AirAsia Disposal. Time for Cap A to fly

https://www.businesstoday.com.my/2024/10/14/capital-a-receives-shareholder-nod-for-airasia-disposal/

Posted by Sslee > 1 month ago | Report Abuse

The last time CapitalA did a cash call RI is RCUIDS with free warrants.
RCUIDS is debt and not equity.
So did Stony promise to convert his RCUIDS to capitalA shares?

Posted by JrWarren > 1 month ago | Report Abuse

RCUIDS carry 8% interest, I will wait till next year before repayment starts, then convert 25% every year
this will maximize my interest return and capital gain (mother share) as well.

Posted by human > 1 month ago | Report Abuse

Sslee ponteng the Egm again? Tony answer the question whether he convert the rcuids before the proposal.

Posted by paulthesotong > 1 month ago | Report Abuse

CapA...fly high ..gonna to be a new group AAX shld.

Posted by Sslee > 1 month ago | Report Abuse

I can't access to Malaysia live streaming from Indonesia telecom.
But no worries will read the EGM minutes.

Posted by human > 1 month ago | Report Abuse

Sslee can use malaysia mobile phone hotspot.
Tony did answered but depend on ppl believe or not.

Posted by ken2004 > 1 month ago | Report Abuse

Think you really need calculate properly especially those buying now at this over 90c price as to me like so many new shares issuing out, not sure how many of the free shares from AAX. Even AAX also the same situation. As cannot be the price keep raising with so many new shares out...........

Posted by Patient Investor > 1 month ago | Report Abuse

For Capital A shareholders point of view, they will support this, The challenge lays in RCUIDS holders and AAX shareholders

Posted by JrWarren > 1 month ago | Report Abuse

99.9% support the resolutions in RCUID EGM.

Posted by JrWarren > 1 month ago | Report Abuse

Yes, you should calculate properly, cap a financial statement separate aviation segment and non-aviation segment for a reason.
If you hardworking and done your excel homework, you already know the following:

1. Estimated revenue of AAX plus Cap A aviation segment.
2. AAX total shares after post restructure, new shares (issued to cap a), existing aax share and private placement new share.
3. estimation on EPS, debt service ability, pre-sales ticket order and chances on AAX dividend.

This homework probably takes 5-6 hours to complete, but when you look at the excel sheet, compare to the investment house target price, net asset value and PE ratio, you will know either is undervalue or overvalue for both AAX and Cap A after restructure.

Posted by JrWarren > 1 month ago | Report Abuse

Got 1 blind spot keep misled in i3, Cap A got huge debt, how to repay. Per independent director, the lease contract range from 12 to 18 years, so dont ask how to service billions ringgit lease liabilities because it show you ignorant on accounting. Go to cashflow statement "cashflow from financing" to study the detail.

Posted by Sslee > 1 month ago | Report Abuse

No need to fight it out for who is to be the Top Sucker.
The winner will be the one come out with RM 1 billion for AAX PP.

Posted by Balian de Ibelin > Oct 14, 2024 11:06 AM | Report Abuse
Besides the usual there is a sucker born every second.

From these countless suckers' postings here, you can see that many suckers actually fight it out to be the Top Sucker

Posted by JrWarren > 1 month ago | Report Abuse

Recently operation strategy has changed from 1 aircraft 1 route, to flexible aircraft model for 1 route.
It means if the route has too little booking due to seasonal demand, AA can change small aircraft for this route and utilize big aircraft for strong demand route. Example: CNY, SG to KL is using 9-seat aircraft, ordinary time using using 4-seat aircraft.
To achieve economic of scale and able to use different aircraft combination to service the busy / non-busy route due to seasonal demand, AAX will agree to merge with AA.
This new operation strategy got 3 advantage:
1. Save fuel = save cost
2. boost up the load factor because smaller plane
3. reach out more route to create demand, without spending huge cost given that A321neo deployment.

Posted by Sslee > 1 month ago | Report Abuse

Can some accountant enlighten us, is current liabilities mean payment in 12 to 18 years?

Did Stony answer below two questions?

As at 30/6/2024
Total current assets: RM 2,319,481,000
Total current liabilities: RM 15,798,327,000
Net current liabilities: RM 13,478,846,000

Question 1: BOD, can CapitalA generate enough cash flow to pay for all the current liabilities in the next 12 months?

Question 2: If the answer is NO, then how is Capital A/AAX going to avoid payment default especially on trade and other payables, aircraft maintenance, amount due to associate and related parties, borrowings, current portion of long term debentures and lease liabilities?

As at 30/6/2024
RM’000
CURRENT LIABILITIES
Trade and other payables: 4,725,450
Aircraft maintenance provision and liabilities: 1,950,706
Sales in advance: 2,041,289
Amounts due to associates: 21,297
Amounts due to related parties: 502,283
Borrowings: 809,799
Current portion of long term debentures: 191,518
Lease liabilities: 5,510,697
Derivative financial instruments: 24
Provision of taxation: 45,264

Posted by ken2004 > 1 month ago | Report Abuse

Sorry to said, I don't buy for any dividend for either AAX and CapitalA at all as there is massive repaying awaiting each other, whether their profit will boom also a question mark as so far it is not there yet, yes, potential but not so fast within this few qtrs........it is no magic show that out of sudden the the profit just flying in, this whole exercise to me is like moving the debts to AAX first atleast to get CapitalA out of PN17........

Posted by mf > 1 month ago | Report Abuse

15m ago
EU alarmed by Israeli attacks on UN mission in Lebanon

Posted by Balian de Ibelin > 1 month ago | Report Abuse

No worries
AAX shareholders and ticket holders already agreed to RM1.00 to be repaid only RM0.0000001 in Infinity Years.
Problem already solved.
No longer an issue.

Posted by Mabel > 1 month ago | Report Abuse

https://www.youtube.com/watch?v=4Ams1NfFUu0

Sayona PN 17….

Posted by Balian de Ibelin > 1 month ago | Report Abuse

Of course AAX next PN17, the terms are much worse than before but AAX shareholders are jumping in joy for the little repayment back
0.0000001 is better than no repayment af all.

Posted by Balian de Ibelin > 1 month ago | Report Abuse

AAX next PN17 is around 6 months time, but Act of Parliament can be passed to exempt AAX from Bursa regulations if all MPs agree otherwise get paid back 0.0000001 per RM1.00

Posted by Balian de Ibelin > 1 month ago | Report Abuse

sslee
No need for AAX to pay anything. Many options
Via
Bursa exemption by Act of Parliament.
Anwar Ibrahim to pay RM10 billion Bantuan Bursa to AAX.
All creditors no payment including staff, pilots, airports, aviation fuel etc etc 100% free supplies.

Posted by paulthesotong > 1 month ago | Report Abuse

Aerophobia[Fear of FLYING].Its very common,affecting million of adults in the World.Psychotherapy can usually help people overcame their fear and fly without extreme anxiety or panic attacks.Seek medical advice if Have this symptoms.

Posted by Mabel > 1 month ago | Report Abuse

hihihi

Posted by Income > 1 month ago | Report Abuse

AAX is PN? Perikatan Nasional?
Wow, muhydin stock。Hoh seh liaw?

Posted by Mabel > 1 month ago | Report Abuse

JrWarren 99.9% support the resolutions in RCUID EGM.
14/10/2024 3:29 PM

Thank you for the updates JrWarren

Posted by Income > 1 month ago | Report Abuse

My dearest Mabel, do you like to use AAX to fly to Thailand?
Lots of things to enjoy in Thailand。

Posted by Mabel > 1 month ago | Report Abuse

Income My dearest Mabel, do you like to use AAX to fly to Thailand?
Lots of things to enjoy in Thailand。
14/10/2024 6:11 PM

Yes, AirAsia X (AAX) does fly to Thailand. They operate flights to major destinations such as Bangkok (both Suvarnabhumi and Don Mueang airports) and Phuket. These routes are popular due to the high demand for travel between Malaysia and Thailand

Except for Night Life, Thailand offers a wealth of experiences such as Visit iconic temples like the Grand Palace and Wat Pho in Bangkok, or the stunning White Temple (Wat Rong Khun) in Chiang Rai.

Discover the beautiful islands in the Andaman Sea, such as Phuket, Krabi, and the famous James Bond Island.

Here’s the best part enjoy delicious street food in places like Bangkok’s Chinatown or take a cooking class to learn how to make traditional dishes. Experience the vibrant Damnoen Saduak Floating Market near Bangkok, where you can shop from boats and enjoy local delicacies.

Relax on the pristine beaches of Phuket and Koh Samui, or go scuba diving and snorkeling in the crystal-clear waters.

Attend traditional dance performances, Muay Thai matches, or participate in festivals like Songkran (Thai New Year) and Loy Krathong.

Visit national parks like Khao Sok for jungle trekking, or explore the waterfalls and caves in Erawan National Park.

Too bad the the Aerophobia Team [Fear of FLYING] will miss all these excitements...hihihi

Posted by The_JQuestion > 1 month ago | Report Abuse

WOWOW how come sslee and his pet snake say cap A no good all fake but everyone giving their money freely. from passengers to financial institutions giving loans to cap A and team .... so many until sir tony dont know how to choose , those not interested always miss out as they say ,, plenty oppurtunity for this lucrative market wink :*)

Posted by Balian de Ibelin > 1 month ago | Report Abuse

Btw
In order to invest in Madoff investment management companies, investors were required to beg to allow their money to be managed by Madoff.
The process also took a long time, this method ensured a huge demand for Madoff services and resulted in huge money inflows for Madoff.

Posted by abidinaa > 1 month ago | Report Abuse

MYAirline co-founder Allan Goh the man behind unlicensed deposit-taking companies, alleges plaintiff. Hahaha. The beloved airlines of sotsot Lee and I3cunlicker which follow Ryanair ships!!!!!

Posted by Sslee > 1 month ago | Report Abuse

The revenue bonds comprised US$243 million in Tranche A Bonds and US$200 million in Tranche B Bonds which are cleared through Euroclear/Clearstream.

The Tranche A Bonds were issued to a group of six leading aircraft lessors to refinance outstanding lease liabilities owing as a result of the Covid-19 pandemic, whilst the new capital received from the issuance of the Tranche B Bonds to the private credit funds will be used to finance the return to service of certain aircraft which have remained grounded since the pandemic.

Are above free money?

Posted by Sslee > 1 month ago | Report Abuse

By the way why somone link MYAirline to me or capitalA?