KUALA LUMPUR, Jan 17 — The share price of AirAsia continued its downtrend in the early session today amid weaker sentiment after the group was classified as Practice Note 17 status following its failure to secure an extension of relief period from Bursa Malaysia.
AirAsia was supposed to have been classified as a PN17 issuer 18 months ago when its auditors raised significant uncertainties in its 2020 audit report that cast doubt on the group’s ability to continue as a going concern. “Only RM193 million or 20 per cent of the RM974.5 million redeemable convertible unsecured Islamic debt securities has been converted into shares so far, and further conversion will not be imminent, as AirAsia’s share price is now just 62 sen, below the RCUIDS conversion price of 75 sen,” it added.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China suspects Covid-19 might arrive in overseas mail | Malay MailSHANGHAI, Jan 18 — China is urging people to wear masks and gloves when opening mail, especially from abroad, after authorities suggested the first case of the Omicron coronavirus virus variant found in Beijing could have arrived via a package from Canada. Authorities vowed to step up...
Source: malaymail - 🏆 1. / 86 Read more »
Parliament select committee meeting to discuss MACC chief’s share issue postponed indefinitely | Malay MailKUALA LUMPUR, Jan 17 — The Parliamentary Select Committee (PSC) for Agencies Under the Prime Minister’s Department meeting to discuss the issue of share ownership involving Malaysian Anti-Corruption Commission (MACC) chief commissioner Tan Sri Azam Baki has been indefinitely postponed. The... Bolehland.. mati bawak saham dunia $o powerful 0f him, 0nly n$werble 2 YDPA 😂😂😂
Source: malaymail - 🏆 1. / 86 Read more »
With Omicron, global economy spots chance to push past Covid | Malay MailNEW YORK, Jan 18 — Governments worldwide are easing quarantine rules, reviewing coronavirus curbs and dialling back pandemic-era emergency support as they bid to launch their economies back into some version of normality. The moves, motivated by the lower severity of the Omicron variant and the...
Source: malaymail - 🏆 1. / 86 Read more »
Pierre Cardin plans Paris comeback after founder’s death | Malay MailPARIS, Jan 18 — Luxury label Pierre Cardin is set to return to Paris Fashion Week in a bid to breathe new life into the brand, its new boss told AFP, just over a year after the death of its legendary founder. The famed couturier died in December 2020 at the age of 98, having built a hugely...
Source: malaymail - 🏆 1. / 86 Read more »
Murray wins five-set epic on return to Australian Open | Malay MailMELBOURNE, Jan 18 — Andy Murray battled to his first win at the Australian Open since 2017 with an epic five-set victory over 21st seed Nikoloz Basilashvili today. The three-time Grand Slam champion, playing with a metal hip following career-saving surgery in 2019, wrestled with the Georgian for...
Source: malaymail - 🏆 1. / 86 Read more »
Sabah signs MoUs to launch three projects worth RM4.3b | Malay MailKOTA KINABALU, Jan 18 — The Sabah government today signed memorandums of understanding (MoUs) with investors to launch three major projects worth RM4.3 billion. The first MoU, between Yayasan Sabah and Pavilion Kota Kinabalu Sdn Bhd, is for the Pavilion Harbour City project, worth RM2 billion in...
Source: malaymail - 🏆 1. / 86 Read more »