AirAsia securities trade suspended pending additional information from company
- Bong Burgundy
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AirAsia securities trade suspended pending additional information from company
AirAsia Group Bhd's securities trade has been halted from 9am today after the budget airline said notes accompanying its results for the first quarter ended March 31, 2020 (1QFY20) were amended to include its auditors’ unqualified opinion statement with an emphasis of matter on material uncertainty relating to AirAsia’s status as a going concern in view of the current economic condition and Covid-19 pandemic.
In separate statements to Bursa Malaysia today, AirAsia said its external auditors Messrs Ernst & Young PLT’s unqualified opinion involves the airline’s audited financial statements for FY19.
"The 1QFY20 results have been amended to update note 3 thereof, as attached below (in the company’s amended filing).
"Reference is made to the company's announcement made on July 7, 2020 regarding the subject matter. The company wishes to announce that the suspended criteria have therefore been triggered. However, the relief measures as per Bursa Malaysia's letter date April 16, 2020 hereby applies.
"Kindly be advised that trading in AirAsia's shares has been halted with effect from 9.00am, Wednesday, July 8, 2020. Accordingly, trading in structured warrants relating to AirAsia Group has also been halted at the same time.
"Please also be advised that trading in AirAsia's securities will continue to be halted pending additional information from the company. Your attention is drawn to AirAsia's announcements dated July 8, 2020.
"Kindly be advised that trading in AirAsia Group's shares will resume with effect from 2.30pm, Wednesday, July 8, 2020. Accordingly, trading in the structured warrants relating to AirAsia Group will also resume at the same time,” the airline said.
https://www.theedgemarkets.com/article/ ... on-company
Bringing the news. You stay classy, nas, Cambodia.
Perhaps Ernst & Young found that $1.7bn missing from Wirecard they didn't notice for years?
Meum est propositum in taberna mori,
ut sint Guinness proxima morientis ori.
tunc cantabunt letius angelorum chori:
"Sit Deus propitius huic potatori."
ut sint Guinness proxima morientis ori.
tunc cantabunt letius angelorum chori:
"Sit Deus propitius huic potatori."
Thai airways has been freezing all refunds in Europe as they're under "legal refunding procedures"
Don't trust them.
Don't trust them.
and the good news just keeps rolling in ha ha ha
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- MerkinMaker
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I know everyone hates flying AirAsia, but they did revolutionise regional travel here. It will be a real shame if they don't make it.
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I am fine with Air Asia on flight that are less than about 2.5 hours, over that I need a few extras. But for short jollies around the region they were/are greatstarkmonster wrote: ↑Thu Jul 09, 2020 10:52 amI know everyone hates flying AirAsia, but they did revolutionise regional travel here. It will be a real shame if they don't make it.
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- spitthedog
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"with an emphasis of matter on material uncertainty relating to AirAsia’s status as a going concern"
The "going concern" statement usually means going tits up, i think.
I did say awile back, i thought it was gonna happen with this company...
A focked clock, and all that...
Damn shame though.
The "going concern" statement usually means going tits up, i think.
I did say awile back, i thought it was gonna happen with this company...
A focked clock, and all that...
Damn shame though.
"I don't care what the people are thinking, i ain't drunk i'm just drinking"
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