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Capital A Bhd is eyeing to exit its Practice Note 17 (PN17) status after achieving four consecutive quarters of profitability, said its chief executive officer Tan Sri Tony Fernandes.


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Transcript
00:00...from Malaysia, all of you who are here today, and those dialing in from Thailand...
00:04We are on the basis of four quarters of profit.
00:08I suspect they'd like to see the accounts audited.
00:11And we believe, Manhui's driving that, we believe we will have our audited accounts by the 10th of April.
00:19And by then we can also show them we're profitable in the first quarter.
00:24Okay? So our profits are not affected for capital A by the doubling of oil price.
00:31Okay, so we'll probably submit audited accounts and first quarter management accounts.
00:37So I suspect we should come out fairly soon.
00:40Actually, would you be expecting the ideal listing for a subsidiary?
00:44Yeah, that's a great question. Which person are you from?
00:47Nikkei. Okay, thank you for that question.
00:50So I think the board, and obviously Fendi will have a lot of say in this.
00:56Okay, so if you're the five companies, the company that's confirmed on being listed,
01:02and Manhui is working on that right now, it is dependent on getting out of PN17, right?
01:10Is AirAsia Next.
01:13That one we want to list in America.
01:16We think we have a wonderful company that has, the Americans like loyalty, they like our rewards program,
01:27and it's a good collector of income from AirAsia and AirAsia Hotels and all the other things we're doing,
01:36and the tech side.
01:37We think the American market will really understand this, and we hope to list this before the year end.
01:44A lot of work has already been done.
01:47The board has also approved to go to the next stage to look at a dual listing of capital A
01:54in Hong Kong.
01:55Again, when I say don't waste a crisis, because of geopolitics, there's a lot of capital in China and greater
02:04Asia
02:05that wants, maybe a lot of capital went to America and Europe, but wants to invest in ASEAN, right?
02:14So the Hong Kong stock market approached us.
02:16They saw Capital A as one of the great companies in ASEAN that they would like to list in Hong
02:23Kong.
02:23So again, I think the board has approved, and we're going to do the work.
02:28We've appointed bankers, and that potentially could happen in July or August this year.
02:36So two exercises this year is Capital A dual listing and the listing of AirAsia Next in America.
02:47Okay.
02:49Okay.
02:50Okay.
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