Capital A Revives Nasdaq IPO Plan for Subsidiary
Capital A, the parent company of AirAsia, is reviving its plan to list a subsidiary on Nasdaq in 2024.
The listing process comes as the Malaysian group nears exit from its financially distressed status.
Capital A CEO Tony Fernandes announced the plan during a press conference in Kuala Lumpur.
The move is part of the group's growth strategy after a major restructuring.
Author's summary: Capital A plans Nasdaq IPO.