Thai Airways plans B42bn share sale

Quick Summary:

Thai Airways International Plc plans to issue new shares worth at least 42 billion baht to creditors and other investors by December, a major step towards exiting court-monitored debt restructuring and resumption of trading on the Stock Exchange of Thailand (SET).

While the company did not specify the price in the filing, it said in a separate statement that they would not be priced lower than 2.5452 baht each.

Shareholders’ equity had a deficit of about 40 billion baht as of June 30 this year, he said.

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Article Details

Category: EconomyBusiness

Markets: Thailand

Topics: Billion Debt-to-equity Baht Thai Other Plan Trading Shares Year Creditors Debt

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-01 @ 14:28:00 (6 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 558 words

Reading Time: 4 minutes read

Sentences: 22 lines

Sentence Length: 26 words per sentence (average)

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

Copyright Owner: © Bangkok Post

News ID: 22834626

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