International (THAI) has revealed a strategic plan to submit its restructuring plan to the Securities and Exchange Commission (SEC) and the Stock Exchange of Thailand (SET).
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International (THAI) has revealed a strategic plan to submit its restructuring plan to the Securities and Exchange Commission (SEC) and the Stock Exchange of Thailand (SET). This marks a pivotal step towards exiting its business rehabilitation period, which has lasted nearly four years.
Key Takeways
Thai Airways International (THAI) plans to submit its restructuring plan to the Securities and Exchange Commission (SEC) and the Stock Exchange of Thailand (SET) as a major step to exit its business rehabilitation, aiming to restore investor confidence post-rehabilitation after nearly four years.
The 2,000-page restructuring plan details strategies for business, future aircraft procurement, capital adjustments, and maintaining a minimum EBITDA of 20 billion baht. It includes debt-to-equity conversion by creditors in November and share offerings to pre-rehabilitation shareholders and…