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Capital A, AirAsia’s parent, to bring some companies public on US stock exchange

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Tony Fernandes, CEO of Capital A Berhad, says it's the first step in capital raising outside ASEAN. Capital A, parent company of AirAsia, is classified as a financially distressed firm by the Malaysian government.

, has announced that it plans to list its brand management and leasing businesses in the US Nasdaq stock exchange through a blank check company.

Under the plan, Capital A International, a new “investment and strategic development company, will be created. Capital A International will then acquire 100% equity interest in the company holding AirAsia’s brand rights and an aircraft leasing company, both of which are currently under Capital A Berhad.”

“This is only affecting our brand company, AirAsia Brand Co. and leasing company, Fleet Leasing Co,” a spokesperson from AirAsia Philippines told Rappler on Friday.

 

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