Malaysia-based Capital A Berhad announced on Friday that it is considering a potential listing on the Hong Kong Stock Exchange (HKEX). This move is part of their strategy to expand access to global capital markets and support the next growth phase for their digital and aviation services businesses.
The company stated that this step follows a meeting with HKEX, where Capital A was invited to consider listing in Hong Kong. This would help them reach more global and Mainland Chinese investors, who are increasingly interested in growth stories from Southeast Asia with strong links to China.
The company mentioned that discussions are ongoing, and Capital A is close to hiring an international investment bank to help with the listing plan and timeline.
The decision to start the formal process will depend on internal reviews and regulatory approvals.
“Capital A is proudly based in ASEAN but designed to serve the world. With over 20 destinations in Greater China and a strong regional presence, we see Hong Kong as a natural gateway to global capital markets.”
A dual listing would allow us to share our story with a global audience and connect with more investors who value digital-focused, low-asset business models,” said Tony Fernandes, CEO of Capital A.
He said Teleport, ADE (Asia Digital Engineering), and the digital travel platform AirAsia MOVE have received significant recognition. This exciting opportunity fits the company’s goal to speed growth, attract new strategic investors, and increase shareholder value.
Capital A’s leading portfolio includes Asia Digital Engineering, a company that provides maintenance, repair, and overhaul services to airlines in Asia; Teleport, the region’s logistics network; and AirAsia MOVE, a digital travel and lifestyle platform.
The statement says that the possible HKEX listing is a natural next step after Capital A’s ongoing plan to meet PN17 requirements, which is expected to be completed by mid-2025.
Once the group exits PN17 status, it plans to take strategic actions to improve its capital structure further and expand its global presence.
Capital A also pointed out that Hong Kong’s strong capital markets, improved listing rules, and strong links with international and Mainland Chinese investors make it attractive for high-growth businesses with global exposure.
It also mentioned that the HKEX is a popular choice for ASEAN companies looking to grow globally, thanks to the growth in Southbound Stock Connect trading and a more diverse group of investors.
Capital A will share more updates as the evaluation moves forward.
