Chloe, probably not, because in the announcement, the issuance of new warrants is exactly 0.5 times of existing AAX shares which is prior to issuance of new ordinary shares for the corporate exercise.

Page 57 paragraph 9.5.2

Hmm based on the circular of the proposed regularisation plan, the warrant exercise price will not be revised ie maintained. After the restructuring exercise, the price of capital a will adjust down. Hence, this would make the value of warrants to crash as capital a price is now adjusted down and to hit threshold of exercise price of RM1 is still a distance away. The question is if you think capital a price post exercise and post pn17 can hit over RM1 before 2028?

Go capital a website for full picture. Because of upcoming restructuring, they have carved out aviation revenue but realised profit from the aviation (discontinued business) as part of the restructuring exercise.

They have funds that track klci, so whenever the index goes up or down, they need to do rebalancing, hence, you can see them increase or reduce exposure. They don’t reduce nor increase for no reason