Our website is made possible by displaying non-intrusive online advertisements to our visitors.
Please consider supporting us by disabling or pausing your ad blocker.
basically left 3 big impediments only for pn17 removal after court approval to reduce paid up capital...
1. seek shareholders approval for sale of capitala aviation
2. satisfy bursa remaining 2 condition
i) green upcoming qr
ii) private placement of 1 billion successfully negotiated.
condition1) sure no problem as tony controls majority of board.
condition 2) tony said pp has more demand than supply, and green qr shouldnt be a problem as last qr is also green.( non-aviation profit)
A bit worried why until now they couldn't issue the circular for the regularisation plan. Just tinfoil speculation, but part of me believes it might have to do with issues closing the private placement and maybe the recent trade war triggered an exit clause for PIF or the other investors, but even then it is pretty unlikely for the investors to include such a clause as an exit
Something is wrong if they seek for another extension again
