Thai Airways plans B44bn rights offering to exit debt plan

Quick Summary:

Thai Airways International expects to raise as much as 44 billion baht ($1.27 billion) from a share rights offering, the carrier’s final major step to exit a court-supervised debt restructuring and allow the resumption of the trading of its stock.

The names of shareholders allocated the new shares will be announced Dec 19, the company said.

Each holder of existing stock can purchase 4.5 new shares, it said.

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Article Details

Category: EconomyBusiness

Markets: Thailand

Topics: Baht Airways Shares Rights Stock Thai Share Offering Airline Billion

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-27 @ 10:28:00 (6 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 268 words

Reading Time: 2 minutes read

Sentences: 13 lines

Sentence Length: 21 words per sentence (average)

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

Copyright Owner: © Bangkok Post

News ID: 23902071

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