Another round of court approvals for capital reduction and then relist it, and then we hope to raise US$300 million or US$400 million of equity for AAX
So, is there light at the end of the tunnel?
We have been in PN17 for the best part of three years, I think. So, Step 1 was to get AirAsia X out of PN17. Step 2 now is to get Bursa Malaysia to allow us to sell aviation to AAX, which I believe will be very imminent. We have put in the application, and I think in one to two weeks, we should get that approved. Because it is critical for capital raising; that’s the reason we are giving Bursa Malaysia, that we really need to raise capital and we can’t do it under a PN17 company. Bursa Malaysia hasn’t done this, but they are going through that motion. So, we are going to swiftly sell. I think the S&P (sale and purchase agreement) between AAX and Capital A is almost done. So, I’m hoping we will get permission from Bursa Malaysia in March, and we’ll sell the airline. So, we will end up with two groups — Capital A and AirAsia Group. After we sign the S&P, we have to get shareholders’ approval, which will take a couple of months, and then court approvals for capital reduction and then relist it, and then we hope to raise US$300 million or US$400 million of equity.
If you really looks at Tourists #---8mil from Singapore to Johor ( jalan Kaki )-----4/5mil from Thai to Pedang Beasr ( naik Basikal / Moto)-------8/9mil from Indonesia ( naik perahu )----That is the real reason you Cannot see "White People" at KLCC ( compare to Thailand )
I wonder will AAX BOD dare to go ahead with the take over of capA aviation business (assets and liabilities) that will cause AAX to fall back into PN17 and need another round of debts restructure, capital reduction and share consolidation?
By the way did the BOD act in good faith or at the best interest of AAX and sharehoders when they signed the agreement to allow BrandAA/ CAPI to charge AAX 0.5% royalty fee and Thai AAX 1.5% loyalty fee?
After we sign the S&P, we have to get shareholders’ approval, which will take a couple of months, and then court approvals for capital reduction and then relist it, and then we hope to raise US$300 million or US$400 million of equity.
Will AAX price fall into penny stock then when the court approvals for capital reduction and then relist it, and then we hope to raise US$300 million or US$400 million of equity?
Crude oil is surging to new high this year at close to USD90 per barrel. This is not a good sign for airlines which takes up about 30% of the total capex. Profitability will be a concern moving forward.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Johnngg
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Posted by Johnngg > 2024-03-07 11:48 | Report Abuse
Guys fasten your seat belt we going to ride on the roller coaster..