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    AAX   MYL5238OO000

AIRASIA X BERHAD

(AAX)
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AirAsia X Berhad : Winding Up / Receiver &Manager / Restraining Order / Special Administrator

09/16/2021 | 07:42pm EDT

(For consistency, the abbreviations used throughout this announcement shall have the same meanings as defined in the announcements dated 6 October 2020 and 14 December 2020 in relation to the Proposals and Proposed Debt Restructuring, where applicable, unless stated otherwise or defined herein.)

Reference is made to the announcements dated 6 October 2020, 7 October 2020, 9 October 2020, 4 November 2020, 5 November 2020, 19 November 2020, 14 December 2020, 5 January 2021, 29 January 2021, 22 February 2021, 8 March 2021, 17 March 2021, 23 April 2021, 26 April 2021 and 17 June 2021 in relation to the Proposals and Proposed Debt Restructuring.

On behalf of the Board of Directors of AAX, Mercury Securities wishes to announce that further to the announcement dated 22 February 2021, the High Court of Malaya at Kuala Lumpur had on 15 September 2021 granted an order for, amongst others, an extension of time until 17 March 2022 for AAX to convene separate meetings of the creditors pursuant to Section 366(1) of the Companies Act, 2016 for the purpose of considering and, if thought fit, approving with or without modification the Proposed Debt Restructuring to be proposed by AAX to the creditors.

This announcement is dated 15 September 2021.

Disclaimer

AirAsia X Bhd published this content on 15 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 September 2021 23:41:09 UTC.


© Publicnow 2021
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Analyst Recommendations on AIRASIA X BERHAD
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Financials
Sales 2020 1 243 M 300 M 300 M
Net income 2020 -1 679 M -405 M -405 M
Net Debt 2020 6 273 M 1 512 M 1 512 M
P/E ratio 2020 -0,47x
Yield 2020 -
Capitalization 373 M 89,8 M 90,0 M
EV / Sales 2020 5,35x
Capi. / Sales 2021 0,16x
Nbr of Employees 2 364
Free-Float 49,8%
Chart AIRASIA X BERHAD
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AirAsia X Berhad Technical Analysis Chart | AAX | MYL5238OO000 | MarketScreener
Technical analysis trends AIRASIA X BERHAD
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TrendsNeutralBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus SELL
Number of Analysts 1
Last Close Price 0,09 MYR
Average target price 0,01 MYR
Spread / Average Target -88,9%
EPS Revisions
Managers and Directors
Benyamin bin Ismail Co-Chief Executive Officer
Nadda Buranasiri Group Co-Chief Executive Officer
Andrew Robert Littledale Chief Financial Officer
Rafidah binti Aziz Senior Independent Non-Executive Chairman
Soon Yee Ong Head-Engineering
Sector and Competitors