KUALA LUMPUR: Capital A Bhd has requested for an extension to submit its regularisation plan to Bursa Malaysia, making it the third request made by the financially-distressed company.
In a filing to the bourse, Capital A said it had sought for an extension until Dec 31.
"On behalf of the board of directors of the company, RHB Investment Bank Bhd wishes to announce that the company had on Oct 5, 2023 submitted an application to Bursa Malaysia for an extension of time until Dec 31, 2023 for the company to submit its regularisation plan," it said.
The initial deadline given to the company was on Jan 7, which was then pushed back to July 7 and then Oct 7.
In a recent interview with Business Times, Capital A chief executive officer Tan Sri Tony Fernandes said the company was on target to submit its regularisation plan by Oct 7 in a bid to exit its Practice Note 17 (PN17) status.
The company was classified as a PN17 in January 2022.