KUALA LUMPUR: Capital A Bhd
has reiterated confidence in completing its proposed regularisation and restructuring plan by June 2025, notwithstanding the inclusion of a material uncertainty related to going concern (MUFG) paragraph in its latest audited consolidated financial statement.
The company, which owns budget carrier AirAsia, said in a Friday press statement it retained a "steadfast and positive outlook" and views the paragraph as a procedural outcome tied to timing, and not a reflection of deterioration in its business fundamentals.
"The MUGC paragraph reflects standard audit caution amid pending restructuring steps and is not an indication of operational weakness," said the statement.
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