Andrii Yalanskyi
- Capital A Berhad on Wednesday announced it has finalized a business combination agreement with Aetherium Acquisition (NASDAQ:GMFI), a Special Purpose Acquisition Company, to list Capital A International in the U.S. public markets, in a proposed transaction value of $1.15 billion.
- CAPI will be led by Tony Fernandes, known for acquiring AirAsia in 2001 and transforming it into a global airline.
- Capital A International, a global brand management platform, specializes in the expansion, management and licensing of the AirAsia brand.
- Capital A International aims to expand to the global markets renowned brands from Southeast Asia.
- Based in Asean, the company has a substantial addressable licensing global market of $341 billion, with the Asean market accounting for $5 billion, growing at an impressive 13% annually, outpacing the global average.
- Source: Press Release