Capital A (formerly AirAsia Group) has revealed that it is actively considering a dual listing on the Hong Kong Stock Exchange.
The company is discussing with the executives of the Hong Kong Stock Exchange with the goal of attracting investments from global and mainland Chinese investors. Discussions are ongoing, and preparations are underway to select investment banks that will advise on the listing.
Tony Fernandes, Chief Executive Officer (CEO), cited having more than 20 bases in Greater China among the reasons, stating, “We see Hong Kong as a natural gateway to capital markets. A dual listing will allow us to tell our story on a global stage and connect with a wider range of investors who appreciate our digital-first, asset-light business model.”
Capital A owns Asia Digital Engineering, Teleport, and AirAsia MOVE. It anticipates the removal of the PN17 (Practice Note 17) designation by Bursa Malaysia by the middle of this year.
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