KUALA LUMPUR, Jan 23 (Bernama) -- Capital A Bhd share rose in early trade after its logistics arm, Teleport Everywhere Pte Ltd, entered into a subscription agreement to issue US$50 million in redeemable convertible perpetual securities (RCPS) to funds managed by HPS Investment Partners.
At 10.25 am, the counter rose by three sen to 55 sen, with 34.32 million shares transacted.
Capital A said the primary purpose of this fundraising exercise is to raise sufficient growth capital for Teleport.
The aviation company added that the issuer may redeem the instrument commencing from two to five years from the closing date, subject to the terms and conditions set out in the agreement.
Besides, it said the RCPS are convertible into ordinary shares of Teleport upon the occurrence of events stipulated in the agreement, such as an initial public offering or a trade sale of Teleport.
HPS is a leading global alternative investment firm, which as of September 2025 oversees US$179 billion in assets under management.
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