Malaysia-based Capital A Berhad has on Friday announced that it is actively exploring a potential listing on the Hong Kong Stock Exchange (HKEX), as part of its strategic effort to broaden access to global capital markets and position its ecosystem of digital and aviation services businesses for the next phase of growth.

The firm said in a statement that the initiative follows a senior meeting with HKEX, during which Capital A was invited to explore the possibility of listing in Hong Kong as a platform to tap into deeper global and Mainland Chinese investor pools, who have a growing appetite for ASEAN-led growth stories with strong China connectivity.

It noted discussions are ongoing and Capital A is close to appointing an international investment bank to advise on the proposed listing structure and timeline.

Plans to initiate the formal process are subject to internal assessments and regulatory approvals.

“Capital A is proudly rooted in ASEAN but built for the world. With over 20 destinations across Greater China and significant business exposure in the region, we see Hong Kong as a natural capital markets gateway,

“A dual listing would allow us to tell our story on a global stage and connect with a broader investor base that values digital-first, asset-light business models,” said Tony Fernandes, Chief Executive Officer of Capital A.

According to him, Teleport, ADE (Asia Digital Engineering), digital travel platform AirAsia MOVE have received great recognition, and this is an exciting opportunity that aligns with the firm’s ambition to accelerate growth, attract new strategic investors, and maximize long-term shareholder value.

It is noted that Capital A’s key portfolio includes Asia Digital Engineering, an maintenance, repair, and overhaul (MRO) provider serving airlines across Asia; Teleport, the region’s logistics network; AirAsia MOVE, a digital travel and lifestyle platform.

According to the statement, the potential HKEX listing is seen as a natural next step following Capital A’s ongoing PN17 regularization plan, which is targeted for completion by mid 2025.

Upon exiting PN17 status, the group intends to pursue strategic initiatives that will further strengthen its capital structure and global presence.

Capital A also highlighted that Hong Kong’s deep capital markets, enhanced listing regime, and strong connectivity with both international and Mainland Chinese investors continue to attract high-growth, internationally exposed businesses.

It added that the HKEX remains a preferred venue for ASEAN companies seeking to scale globally, bolstered by rising Southbound Stock Connect trading and an increasingly diversified investor base.

Capital A will provide further updates as the evaluation progresses.

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