News
Capital A denies seeking US$400 million private share placement
April 17th 2024
Capital A, parent of the AirAsia group of airlines, has disclosed it is “exploring a potential fund-raising exercise” but denies media reports it wants to raise up to US$400 million in a private placement. Read More » “We wish to inform shareholders Capital A currently does not have any intention to undertake a private placement of new ordinary shares in Capital A of up to US$400 million,” Capital A said. “However, the management is in the midst of exploring a potential fund-raising exercise by its aviation business. The evaluation is in its preliminary stage and the board of directors has not been presented with a firm proposal to consider.”
