Kuala lumpur: Capital A Bhd shares experienced an increase in early trading after its logistics subsidiary, Teleport Everywhere Pte Ltd, announced a significant financial move. The company entered into a subscription agreement to issue US$50 million in redeemable convertible perpetual securities (RCPS) to funds managed by HPS Investment Partners.

According to BERNAMA News Agency, the share price of Capital A rose by three sen to 55 sen at 10.25 am, with a trading volume of 34.32 million shares. The primary objective of this fundraising effort is to secure adequate growth capital for Teleport, as stated by Capital A.

The aviation firm highlighted that the RCPS can be redeemed by the issuer within a period of two to five years from the closing date, adhering to the specific terms and conditions outlined in the agreement. Additionally, the RCPS are convertible into ordinary shares of Teleport upon certain events, such as an initial public offering or a trade sale, as specified in the agreement.

HPS Investment Partners, a prominent global alternative investment firm, manages assets worth US$179 billion as of September 2025, showcasing its significant presence in the investment sector.