AirAsia Group has reaffirmed that the proposed initial public offerings (IPO) of its Indonesian and Thailand affiliates are on schedule.
"Both IPOs are on schedule with regards to due diligence process and the
seeking of regulatory approvals," said its group chief executive officer, Tan
Sri Tony Fernandes, in a statement here.
Fernandes made the statement after AirAsia's public relation team was
misquoted in a recent interview.
"We have always maintained the actual listing will be dependent on market
conditions. "In short, both Thailand and Indonesia continue to perform strongly heading into 2012," he said.
Thailand is submitting its application to the regulators for early first
quarter 2012 market listing while Indonesia will follow suit shortly after. --
Bernama
"Both IPOs are on schedule with regards to due diligence process and the
seeking of regulatory approvals," said its group chief executive officer, Tan
Sri Tony Fernandes, in a statement here.
Fernandes made the statement after AirAsia's public relation team was
misquoted in a recent interview.
"We have always maintained the actual listing will be dependent on market
conditions. "In short, both Thailand and Indonesia continue to perform strongly heading into 2012," he said.
Thailand is submitting its application to the regulators for early first
quarter 2012 market listing while Indonesia will follow suit shortly after. --
Bernama
