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ASEAN
Part 41: Thailand | AirAsia
Thai AirAsia restructuring to see capital injection of 3.15 bil baht
Bernama April 27, 2021 23:28 pm +08

KUALA LUMPUR (April 27): Asia Aviation Public Company Ltd's (AAV) board of directors has approved the resolutions of its subsidiary Thai AirAsia Co Ltd's (Thai AirAsia) corporate and capital restructuring plan, which will see a new investor providing a loan to the latter for a maximum amount of up to 3.15 billion baht (10 baht=RM1.31).

Thai AirAsia is the main operating subsidiary of AAV, which is under low-cost airline AirAsia Group Bhd's stable of companies. AAV is the listed holding company of Thai AirAsia.

In a filing to Bursa Malaysia today, AirAsia Group said the Covid-19 pandemic has badly affected the aviation industry and AAV, hence, it has outlined several strategies including provision of loan by new investor, offer shares in an initial public offering (IPO), as well as list Thai AirAsia as the listed company on the Thailand Stock Exchange.

https://www.theedgemarkets.com/artic...n-315-bil-baht