Malaysian aviation group Capital A Berhad said today it was evaluating fundraising options for a planned U.S. listing, including a potential SPAC deal, as it looks to shake off its classification as a financially distressed firm by Malaysia’s stock exchange.
Capital A, formerly known as AirAsia Group Berhad, was hard-hit by pandemic travel restrictions in Asia, leading Bursa Malaysia Securities to classify it as a PN17 company, or financially distressed, in January, reports Channel News Asia.
The group is reportedly evaluating fundraising options including private placement, direct listing, or listing via a SPAC merger as part of its plans to list its airline or digital businesses in the United States. Read more.
