Finance ministry plans to convert THAI debt

Quick Summary:

The Ministry of Finance is preparing to convert the debt of Thai Airways International into equity, with a proposal expected to be submitted to the cabinet this month as part of a plan to increase the company’s capital.

The ministry said it agreed to a full equity conversion because the airline’s financial performance has been improving steadily.

The airline is currently reviewing its financial performance to ensure its readiness to exit rehabilitation, expected by February 2025, and to resume trading on the stock exchange around May 2025.

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Article Details

Category: EconomyBusiness

Markets: Thailand

Topics: Creditors Shares Capital Expected Convert Increase Tibordee Equity Debt Ministry Thai

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-19 @ 18:24:00 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 479 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 23696432

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About Bangkok Post

Main Topics: EconomyBusiness

Official Website: bangkokpost.com

Update Frequency: 19 posts per day

Year Established: 1946

Headquarters: Thailand

News Last Updated: 5 hours ago

Coverage Areas: Thailand

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Publisher ID: #66

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