Capital A sets up MRO JV in Cambodia

PETALING JAYA: Capital A Bhd’s wholly-owned subsidiary, Asia Digital Engineering Sdn Bhd (ADE), has entered into a shareholder’s agreement (SHA) with Sivilai Asia Co Ltd (Sivilai Asia) for a subscription of the issued and paid-up capital of ADE (Cambodia) Co Ltd.

In a filing with Bursa Malaysia, the low-cost airline said the aim of the SHA would be to establish a maintenance, repair and overhaul (MRO) business in Cambodia under ADE Cambodia. Capital A via ADE will invest 60% in ADE Cambodia while Sivilai Asia the remaining 40%.