Ooi Eng Keat's comment on AAX. All Comments
Ooi Eng Keat
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soon will announce right issue as one of the regularisation plan
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1 year · translate ·
Giant Foot
Any idea for this rationalization plan? 2 mother share give 1 AAX share?
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Ooi Eng Keat
I not able to estimate the ratio, but is not free. AAX need money, the best way is ask from public.
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Giant Foot
It mean buy Capital A will have AAX share also after their conversion take place during rationalisatiin plan. Buy Capital A will be more advantage?
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Ooi Eng Keat
Wow bro, 7000m new shares. Like that have to imagine what will happen if RI price at around RM0.70.
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Kar Leong Lee
I think it depends now how high they want to fly AAX Share. Capital A seems stagnant at 0.8. If AAX at 1.6 possible they will convert 2 Capital A to 1 AAX share. Just my imagination ya
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Ooi Eng Keat
If the really issue 7000m new shares. means 1 to 14 ratio for existing AAX shareholder. Do you ready to fork out money to take full subscribe ?
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Ooi Eng Keat
Cap A negative 5.8b equity and AAX negative 600m. Both need money from public to make them release from PN17.
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Ooi Eng Keat
yes, to release from PN17, NTA or equity fund not allow to negative. So require to pump in money (asset). I just highlight the risk, take care brother.
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Chiesa
TQ bro
below number telling the progress. This QTR going to close on 31st Mar, they purposely propose to summit the plan by 28th Apr, after account closing on end Mar....so, the foresee there will be something happen for latest NTA?

2021 Dec 31 NTA.. - 8.1316

2022 Sep 30 NTA.. - 1.8129

2022 Dec 31 NTA .. -0.1445

For assets, they are going to bring in Cap A assets...the have 155 flights.

Let's see what is the plan that experienced financial company going to propose.
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