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