AirAsia Parent Revives Nasdaq IPO Plan
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 financially distressed status.
Capital A CEO Tony Fernandes said the plan is part of the group's growth strategy after a major restructuring.
The announcement was made by Tony Fernandes during a press conference in Kuala Lumpur.
Author's summary: Capital A revives Nasdaq IPO plan for subsidiary.