Bursa Malaysia has not approved the application of Capital A for an extension to complete its share distribution, according to a January 6 filing. However, the company stated that it will proceed with the implementation concurrently with AirAsia X's private placement, as the latter secured a separate extension until January 19, 2026, to finalise the transaction. Capital A attributed the timing issues to delays in finalising documentation with investors. The distribution involves a reduction of the company's issued share capital by approximately MYR2.7 billion ringgit (USD664.7 million).