Capital A Will Seek to Raise $200 Million From Hong Kong Listing
HKEX is benefiting from a pick up in trading and listings since late last year.
Photographer: Yik Yeung-man/BloombergCapital A Bhd. wants to raise at least $200 million from a secondary listing in Hong Kong as the parent of AirAsia looks to tap mainland Chinese investors and accelerate growth.
The company is undervalued due to the Malaysian stock exchange’s classification of it as financially distressed — a status it’s held since 2022, Chief Executive Officer Tony Fernandes said in an interview Tuesday. The potential for Southeast Asia, where much of Capital A’s exposure lies, to weather global geopolitical tensions may prove attractive to investors, he said.