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CA has applied for an extension to complete the proposed distribution of AirAsia X Bhd shares to entitled shareholders by Jan 19, 2026 from Jan 2 due to an anticipated delay in AAX’s private placement exercise.
Waiting feels like forever. Before AAX new share allotment, need to settle the private placement first. The question is why still not news on the private placement?
Hopefully this is because all the big bosses are still on year end holidays. If placees is really the sovereign wealth fund from middle east, I think Tony will arrange a press conference to annouce it if can together with the placees. My wild guess only. Happy new year!