AirAsia Eyes Indonesia Unit IPO by First Quarter Next Year; Indonesia Happy Hour, in New York City
Indonesia Happy Hour (http://www.IndonesiaaHappyHour.com), June 19, Will Bring Together Indonesian Executives and Professionals for an Evening of Networking and Cocktails in New York City.
- New York, NY (1888PressRelease) June 19, 2012 - As reported in Reuters, Malaysia's low cost airline AirAsia Bhd (AIRA.KL) is looking to list its Indonesia operations by the first quarter of next year as it moves its regional base to southeast Asia's largest economy to focus on further expansion, said its co-founder.
The initial public offering (IPO) will follow its planned listing of the group's long haul unit AirAsia X Sdn Bhd, which is expected to fall sometime between October and November this year, AirAsia's group chief executive officer Tony Fernandes said on Monday.
"No banks have been mandated yet though," he told some reporters after a press conference. "It's up to the board to decide."
AirAsia's IPOs plan comes at a time when Fernandes is stepping down as the chief executive officer of the Malaysian listed airline to focus on regional growth through Indonesia.
"The enormous potential in an underserved market of 3 billion people spread across Asean, Northeast Asia and South Asia offers huge opportunities and AirAsia, we are convinced, is ideally positioned to reap huge dividends by serving this market," Fernandes said.
The company's plan to list its units comes at a time when others have scrapped or delayed their IPOs on the back of market volatility driven by the protracted euro zone debt crisis.
While AirAsia eyes Indonesia, Golden Networking (http://www.goldennetworking.net), is launching on Tuesday, June 19, Indonesia Happy Hour (http://www.IndonesiaHappyHour.com), a unique opportunity to network with Indonesians and executives and professionals interested in learning more about the biggest Southeast Asian economy.
Indonesia offers endless opportunities for business. There are many natural resources like coal, gold and copper to be found and the country has an increasing size, and therefore buying power, of the middle class. It has a robust consumer driven economy which is rare for a country of its economic development level. It is a vibrant democracy with high literacy rates, low wage rates, a relatively skilled workforce, a quality education system and ethnical diversity; its 240 million population makes a great target for investments.
Golden Networking receptions have been known to attract executives and professionals not only from financial services but also from all areas of business; Indonesia Happy Hour won't be the exception, as the country has been named the most attractive emerging markets destination in the world.
Indonesia Happy Hour New York City is produced by Golden Networking (http://www.goldennetworking.net), the premier networking community for business executives, entrepreneurs and investors. Panelists, speakers and sponsors are invited to contact Golden Networking by sending an email to info ( @ ) goldennetworking dot net.
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