KUALA LUMPUR: Capital A Bhd, the investment holding company of AirAsia, airasia MOVE , logistics venture Teleport, and Capital A aviation services group, announced today that it has entered into a Letter of Intent with Aetherium Acquisition Corp, a Special Purpose Acquisition Company listed on the Nasdaq stock exchange, for a proposed business combination merger with Capital A International, to be incorporated.
The proposed business combination will be at an indicative equity value of US$1 billion based on an independent valuation of the AirAsia Brand. “Our proposed business combination with Aetherium serves as a testament to the growth opportunity ahead. The Asean region in recent years has emerged as one of the world’s most dynamic and fastest growing economic hubs. Yet, there are limited vehicles for which global investors can participate in the vibrancy of this pivotal market.