KUALA LUMPUR (Jan 8): Here is a brief recap of some business news and corporate announcements that made the headlines on Thursday:

Capital A Bhd (KL:CAPITALA) has clarified that Bursa Malaysia’s decision not to approve its request for an extension to complete the implementation of its distribution of AirAsia X Bhd’s (KL:AAX) shares to its shareholders will not materially affect the group’s ongoing corporate exercises. The company’s overall strategy remains unchanged, with only a slight adjustment to the completion timeline, it said. — Capital A says Bursa rejection of extension won’t affect AirAsia X share distribution, timeline slightly adjusted

A Kinergy Advancement Bhd (KL:KAB)-led consortium has formalised an equipment supply agreement for the planned 1.5 gigawatt combined cycle gas turbine power plant project in Perlis. Consortium members include Sirage Holdings Sdn Bhd and B.Grimm Power, one of Asean’s most established and diversified power and energy companies. — Kinergy-led consortium signs equipment supply deal for 1.5GW Perlis power plant

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