Indonesia AirAsia plans backdoor listing - Indonesia AirAsia (QZ, Jakarta Soekarno-Hatta) will execute a number...
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Indonesia AirAsia (QZ, Jakarta Soekarno-Hatta) will execute a number of agreements which will see it listed on the Indonesia Stock Exchange through transportation and warehousing company Rimau Multi Putra Pratama (RMPP). The company will become the new holding of Indonesia AirAsia (IAA), while two of AirAsia's units – AirAsia Investment Ltd (AAIL) and Fersindo Nusaperkasa (FNP) – will become owners of RMPP.
The backdoor listing is expected to be completed by 4Q17.
In its filing, AirAsia says that the listing will "provide IAA direct access to the equity and debt capital markets for future fund raising and provide AirAsia Group with the financial flexibility to pursue growth opportunities in the region and beyond".
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