🟢 Capital A is trading 8.33% up today after announcing court-supervised restructuring involving Move Digital

Capital A is trading 8.33% up at MYR 0.26 after announcing a court-supervised capital structure optimisation exercise involving Move Digital.

• The plan could monetise its BigPay stake, distribute its 13.6% Tune Protect holding, and recover approximately RM32.2 million in receivables, with proceeds directed mainly toward creditors.
• The restructuring is viewed as a way to resolve historical liabilities, stop funding loss-making businesses, and redirect capital toward higher-return operations.
• The proposal remains subject to regulatory, creditor, and court approvals.