We refer to the news article titled “Capital A seeks private placement to raise up to US$400 mil, say sources” in The Edge for the week of 15 April 2024 to 21 April 2024.

The Company wishes to clarify that contrary to the report, there was no media interview conducted on March 4, 2024, with The Edge or any other entity.

We wish to inform the shareholders that Capital A currently does not have any intention to undertake a private placement of new ordinary shares in Capital A of up to USD400 million. However, the management is in the midst of exploring a potential fund-raising exercise by its aviation business. The evaluation is still in its preliminary stage and the Board of Directors has not been presented with firm proposal to deliberate on. Shareholders are advised not to speculate in the trading of shares of the Company.

The Company will update the shareholders if there is any material development of the above matter in accordance with the Main Market Listing Requirements of Bursa Malaysia Securities Berhad.

The management intends to request The Edge to retract the report to ensure accurate representation. 

This announcement is dated 15 April 2024.