Indonesia AirAsia is looking at a backdoor listing via IDX-listed logistics and warehousing firm Rimau Multi Putra Pratama (RMPP), the parent company AirAsia Berhad said in a statement.
The deal will see AirAsia injecting 57.25 per cent of its Indonesia unit into RMPP, making the company the new holding of Indonesia AirAsia. In return, AirAsia via its units AirAsia Investment Ltd (AAIL) and Fersindo Nusaperkasa (FNP) will own up to 48 per cent and 49.96 per cent in RMPP, respectively.
