AirAsia Parent Company Revives Nasdaq IPO Plan
Capital A, the parent company of AirAsia, is reviving its plan to list a subsidiary on Nasdaq in the next year.
This decision comes as the Malaysian group nears its exit from a 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 following a major restructuring.
Author's summary: Capital A revives Nasdaq IPO plan for subsidiary.
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